Description
PUSD is a Push Chain-native dollar stablecoin fully backed 1:1 by a basket of USDC and USDT reserves held by the PUSDManager contract, with no rehypothecation and a live, on-chain-verifiable collateral ratio. Users can mint PUSD by depositing supported USDC/USDT from various chains (currently Ethereum Sepolia, Arbitrum Sepolia, Base Sepolia, BNB Testnet, and Solana Devnet testnets) via a single universal transaction using the Push Chain SDK, and redeem it 1:1 minus a small fee, either instantly, via a proportional basket, or through a FIFO queue. PUSD+ is a yield-bearing companion token whose NAV-per-share rises monotonically as the protocol harvests trading fees from stablecoin-only Uniswap V3 liquidity pools on Push Chain, giving holders passive yield without directional market exposure while preserving PUSD's 1:1 backing. The project targets stablecoin holders, DeFi users, and developers who want a transparent, permissionlessly verifiable, cross-chain settlement dollar and a yield-bearing variant of it.