{"id":"plume-usd","title":"Plume USD","content":"**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)​\n\n## Overview\n\n​[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)​\n\nThe 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. \n\npUSD 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)​\n\n## Use Cases\n\n* **Nest:** A permissionless protocol for earning yield from [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas).\n* **Rooster:** A liquidity hub on the [Plume](https://iq.wiki/wiki/plume) network focused on [RWAs](https://iq.wiki/wiki/real-world-assets-rwas).\n* **Royco:** An \"incentivized action market protocol.\"\n* **MultiChainz:** An omnichain-based lending protocol with a focus on [RWA](https://iq.wiki/wiki/zano-sherwani) collateral.\n* **Morpho:** An on-chain lending network that has been extended to operate on [Plume](https://iq.wiki/wiki/plume).\n* **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)\n\n## Tokenomics\n\nThe 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)​\n\n### Trading and Liquidity\n\npUSD is traded on [decentralized exchanges (DEXs)](https://iq.wiki/wiki/decentralized-exchange) within the [Plume](https://iq.wiki/wiki/plume) ecosystem. \n\nThe 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)​","summary":"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 holding USDC, it facilitates payments, trading, and collateralization on the Plume network.","images":[{"id":"Qme4PZdZSv6aYg9r9RWQrYvQv83UotzpAEYNTUc21wMyzG","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Stablecoins"},{"id":"Protocols"},{"id":"Ethereum"}],"media":[],"metadata":[{"id":"references","value":"[{\"id\":\"IW6hXAhtEBuE6akX\",\"description\":\"CoinGecko: Plume USD\",\"timestamp\":1763188792130,\"url\":\"https://www.coingecko.com/en/coins/plume-usd\"},{\"id\":\"EPqN710e6BBwSAK0\",\"description\":\"Plume USD Docs\",\"timestamp\":1763188805948,\"url\":\"https://docs.plume.org/plume/tokens/plume-usd\"},{\"id\":\"ror4uDK6rt57Pncx\",\"description\":\"Plume USD Website\",\"timestamp\":1763188799430,\"url\":\"https://plume.org/pusd\"},{\"id\":\"GE36USI5OKke9e47\",\"description\":\"CoinMarketCap: Plume\",\"timestamp\":1763188785814,\"url\":\"https://coinmarketcap.com/currencies/plume/\"}]"},{"id":"website","value":"https://plume.org/pusd"},{"id":"references","value":"[{\"id\":\"IW6hXAhtEBuE6akX\",\"description\":\"CoinGecko: Plume USD\",\"timestamp\":1763188792130,\"url\":\"https://www.coingecko.com/en/coins/plume-usd\"},{\"id\":\"EPqN710e6BBwSAK0\",\"description\":\"Plume USD Docs\",\"timestamp\":1763188805948,\"url\":\"https://docs.plume.org/plume/tokens/plume-usd\"},{\"id\":\"ror4uDK6rt57Pncx\",\"description\":\"Plume USD Website\",\"timestamp\":1763188799430,\"url\":\"https://plume.org/pusd\"},{\"id\":\"GE36USI5OKke9e47\",\"description\":\"CoinMarketCap: Plume\",\"timestamp\":1763188785814,\"url\":\"https://coinmarketcap.com/currencies/plume/\"}]"},{"id":"contract_url","value":"https://etherscan.io/token/0xdddd73f5df1f0dc31373357beac77545dc5a6f3f"},{"id":"twitter_profile","value":"https://twitter.com/plumenetwork"},{"id":"telegram_profile","value":"https://t.me/PlumeNetwork"},{"id":"discord_profile","value":"https://discord.com/invite/plume-network"},{"id":"github_profile","value":"https://github.com/plumenetwork"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/plume-usd"},{"id":"website","value":"https://plume.org"},{"id":"telegram_profile","value":"https://t.me/plumenetwork_community"},{"id":"contract_url","value":"https://explorer.plume.org/token/0x4C1746A800D224393fE2470C70A35717eD4eA5F1"},{"id":"contract_url","value":"https://app.nansen.ai/token-god-mode?chain=ethereum&tab=transactions&tokenAddress=0x4C1746A800D224393fE2470C70A35717eD4eA5F1"},{"id":"contract_url","value":"https://etherscan.io/token/0x4C1746A800D224393fE2470C70A35717eD4eA5F1"},{"id":"contract_url","value":"https://bscscan.com/token/0x5aFadCd1E8E3CA78Ee2D37100102f2aec8Bc0Aa8"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/plume/"},{"id":"commit-message","value":"\"Added Plume USD wiki page\""}],"events":[{"id":"9e9cc6f3-0ee1-464a-b33a-cdcd95980871","date":"2025-09","title":"Plume USD Launch","type":"CREATED","description":"Plume USD (pUSD) becomes available on the Plume Network, with trading data indicating its existence on or before September 22, 2025, when its all-time low price was recorded.","link":"https://www.coingecko.com/en/coins/plume-usd","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"bc4eb98e-fba0-4766-a266-a482d77ff0e0","date":"2024-03","title":"First Smart Contract Audit Completed","type":"DEFAULT","description":"0xMacro completed the first security audit of the BoringVault smart contracts, which underpin pUSD's collateralization mechanism.","link":"https://docs.plume.org/plume/tokens/plume-usd","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"145bea9a-7a61-446e-8a19-8092a43fa59b","date":"2024-07","title":"Nucleus Cross-Chain Audit","type":"DEFAULT","description":"Security researcher Pashov completed an audit of the Nucleus cross-chain smart contracts used by pUSD.","link":"https://docs.plume.org/plume/tokens/plume-usd","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"821bc19d-128e-4d67-bd97-4a3f3e2c7147","date":"2024-12","title":"Nucleus Hyperlane Integration Audit","type":"DEFAULT","description":"Pashov completed a security audit for the Nucleus integration with the Hyperlane interoperability protocol, enhancing cross-chain functionality.","link":"https://docs.plume.org/plume/tokens/plume-usd","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0x4a2bC97afBF41a2Cbf4b4628F63420682Ff4CF2a"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum"],"founders":["chris-yin","eugene-shen","teddy-pornprinya"],"speakers":[]}}