# Plume USD

> Plume USD (pUSD) is the native, fully-backed stablecoin of the Plume ecosystem, designed for Real World Asset Finance (RWAfi). Pegged 1:1 to the US dollar by ho...

- Canonical URL: https://iq.wiki/wiki/plume-usd
- Categories: Cryptoassets
- Tags: Infrastructure
- Created: 2025-11-15T06:43:35.384Z
- Last updated: 2025-11-15T06:43:35.384Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Plume USD (pUSD)** is a stablecoin native to the [Plume](https://iq.wiki/wiki/plume) Network ecosystem that is pegged 1:1 to the US dollar. It is designed to be fully collateralized and serves as a foundational component for financial operations within the specialized field of Real World Asset Finance (RWAfi). [\[1\]](#cite-id-IW6hXAhtEBuE6akX) [\[2\]](#cite-id-EPqN710e6BBwSAK0)​

## Overview

​[Plume](https://iq.wiki/wiki/plume) USD (pUSD) is the primary stablecoin of the [Plume](https://iq.wiki/wiki/plume) ecosystem. Its purpose is to facilitate secure payments, enable efficient trading, and provide a source of collateral for on-chain applications. The token is designed to function as a unified liquidity layer for all [stablecoin](https://iq.wiki/wiki/stablecoin) activities on the [Plume](https://iq.wiki/wiki/plume) Network, acting as a gateway for users to access yield generated from [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas). [\[1\]](#cite-id-IW6hXAhtEBuE6akX) [\[3\]](#cite-id-ror4uDK6rt57Pncx)​

The stablecoin operates within the [Plume](https://iq.wiki/wiki/plume) Network, a full-stack, [EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm)-compatible [Layer 2](https://iq.wiki/wiki/layer-2) [blockchain](https://iq.wiki/wiki/blockchain) built specifically for [Real World Assets (RWAs)](https://iq.wiki/wiki/real-world-assets-rwas). The network's mission is to simplify the processes of asset tokenization and on-chain integration for [RWAs](https://iq.wiki/wiki/real-world-assets-rwas), allowing them to be distributed globally and integrated into [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) protocols. As the canonical stablecoin, pUSD is intended to reduce onboarding friction for capital deployment into the ecosystem by providing a familiar user experience similar to established stablecoins. 

pUSD is designed for deep integration and composability with the various RWAfi applications built on [Plume](https://iq.wiki/wiki/plume). It provides a stable unit of account and medium of exchange for interacting with the tokenized real-world assets available on the network.   [\[4\]](#cite-id-GE36USI5OKke9e47)​[\[2\]](#cite-id-EPqN710e6BBwSAK0)​[\[3\]](#cite-id-ror4uDK6rt57Pncx)​

## Use Cases

* **Nest:** A permissionless protocol for earning yield from [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas).
* **Rooster:** A liquidity hub on the [Plume](https://iq.wiki/wiki/plume) network focused on [RWAs](https://iq.wiki/wiki/real-world-assets-rwas).
* **Royco:** An "incentivized action market protocol."
* **MultiChainz:** An omnichain-based lending protocol with a focus on [RWA](https://iq.wiki/wiki/zano-sherwani) collateral.
* **Morpho:** An on-chain lending network that has been extended to operate on [Plume](https://iq.wiki/wiki/plume).
* **Mystic Finance:** A protocol for lending, borrowing, and utilizing [RWA](https://iq.wiki/wiki/real-world-assets-rwas)-powered lending strategies. [\[2\]](#cite-id-EPqN710e6BBwSAK0)

## Tokenomics

The token’s circulating and total supply each stand at 33,838,422 pUSD, with no predefined maximum supply. Its market capitalization is reported at approximately $33,823,329. The [market capitalization](https://iq.wiki/wiki/market-capitalization) to fully diluted valuation (FDV) ratio was 1.0, indicating that the entire supply of the token was in circulation. The infinite maximum supply is characteristic of [stablecoins](https://iq.wiki/wiki/stablecoin) that can be [minted](https://iq.wiki/wiki/minting) or [burned](https://iq.wiki/wiki/token-burn) based on the demand and supply of collateral. [\[1\]](#cite-id-IW6hXAhtEBuE6akX)​

### Trading and Liquidity

pUSD is traded on [decentralized exchanges (DEXs)](https://iq.wiki/wiki/decentralized-exchange) within the [Plume](https://iq.wiki/wiki/plume) ecosystem. 

The most popular exchange for trading pUSD is Rooster Protocol V2, with other notable venues including Curve ([Plume](https://iq.wiki/wiki/plume)) and Rooster Protocol. The most actively traded pair is PUSD/WPLUME, which accounted for $147,215 in 24-hour volume. [\[1\]](#cite-id-IW6hXAhtEBuE6akX)​