What is USD0's quality score?

USD0 (Usual) scores 64.5/100 on OnChain Benchmark's Stablecoin Quality Rating — Developing, as of Oct 10, 2026 (methodology v1.5-stablecoin).

How is USD0's quality score calculated?

OnChain Benchmark scores USD0 across four equally weighted dimensions, each out of 25: reserve quality (18/25), redemption depth (22/25), transparency (20.5/25), holder concentration (4/25). The four add directly to the 64.5/100 composite. The full rubric is published at onchainbenchmark.com/methodology.

How concentrated is USD0's ownership?

OnChain Benchmark scores USD0's holder concentration 4/25 — one of the four dimensions of its quality rating, measured against free float (circulating supply outside issuer, custody, exchange, bridge and protocol wallets). A higher score means ownership is more broadly distributed; a lower score means it is held by fewer wallets.

What does Developing mean?

Under OnChain Benchmark methodology v1.5-stablecoin, composite scores grade as Verified Capital (≥ 85), Institutional-grade (≥ 70), Developing (55–69), and Limited (below 55). USD0 scores 64.5/100, placing it in Developing.

OCB — Quality Rating · Stablecoins

USD0 Quality Rating

USD0 (Usual) scores 64.5/100 on OnChain Benchmark's Stablecoin Quality Rating — rated Developing (methodology v1.5-stablecoin, as of Oct 10, 2026).

Latest onchain read Oct 10, 2026

Updated daily

Quality score

64.5

of 100 · Developing

Dimensions measured

of 4

Outstanding supply

$542.92M

as of Oct 10, 2026

Chains

with measured supply

Why USD0 scores 64.5

The biggest gap in USD0's score is how concentrated its ownership is.

The four dimensions carry equal weight; their scores add up to the composite.

Composite

64.5 / 100

Dimension	Score	Why it scored this
Holder Concentration This score is based on our last measurement of USD0's holders, on September 29, 2026.	4 / 25	This score is based on our last measurement of USD0's holders, on September 29, 2026.
Reserve Quality The reserves are tokenized real-world assets rather than cash and Treasury bills. Upgrade factorReserves held in cash and Treasury bills, confirmed by an auditor (23).	18 / 25	The reserves are tokenized real-world assets rather than cash and Treasury bills. Upgrade factorReserves held in cash and Treasury bills, confirmed by an auditor (23).
Transparency Regulatory standing scores 12 of 25. Upgrade factorA US trust charter with a PCAOB-registered auditor, or a purpose-built stablecoin license.	20.5 / 25	Regulatory standing scores 12 of 25. Upgrade factorA US trust charter with a PCAOB-registered auditor, or a purpose-built stablecoin license.
Redemption Depth Redemption with the issuer takes one to three days. Upgrade factorRedemption for anyone within a day (25).	22 / 25	Redemption with the issuer takes one to three days. Upgrade factorRedemption for anyone within a day (25).

OCB Instrument

Outstanding supply

Measured onchain daily, summed across every chain the fund is issued on. Latest reading $542.38M.

Source: OCB Quality Ratings · USD0 · onchainbenchmark.comMeasured daily · Oct 10, 2026

OCB Instrument

Rating history

USD0’s quality rating, measured daily.

Source: OCB Quality Ratings · USD0 · onchainbenchmark.comRecomputed daily · Oct 10, 2026

Key facts

Issuer, rubric and methodology

Issuer: Usual
Asset class: Stablecoins
Rubric: Stablecoin Quality Rating
Methodology: v1.5-stablecoin
Last scored: Oct 10, 2026
What it is: Yield-bearing stablecoin backed by tokenized real-world assets onchain (USYC, M^0).

Chain

Share of measured supply by chain

With measured supply

Chain	Contract	Share of measured supply
Ethereum	0x73A15F…90aCF5Explorer ↗	100.0%

Evidence

Verified facts behind the rating

A sample of the verified facts behind USD0’s score. The full diligence trail is in the terminal.

Facts shown

Dimension	Fact	Finding	Verified	Source
Disclosure Quality	Contract address	Contract address verified on Ethereum: 0x73A15FeD60Bf67631dC6cd7Bc5B6e8da8190aCF5 (primary deployment) Address confirmed active onchain.	Jun 13, 2026	Verified against primary sources

Cite this rating

Reference USD0’s rating

Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.

Plain

OnChain Benchmark (2026). USD0 Quality Rating: 64.5/100 (Developing), as of Oct 10, 2026. Methodology v1.5-stablecoin. https://onchainbenchmark.com/instruments/usd0

Harvard

OnChain Benchmark (2026) 'USD0 Quality Rating', OnChain Benchmark, Developing, 64.5/100, methodology v1.5-stablecoin. Available at: https://onchainbenchmark.com/instruments/usd0 (Accessed: Oct 10, 2026).

BibTeX

@misc{ocb_usd0_2026,
  author = {{OnChain Benchmark}},
  title = {{USD0 Quality Rating}},
  year = {2026},
  note = {64.5/100, Developing, methodology v1.5-stablecoin},
  url = {https://onchainbenchmark.com/instruments/usd0}
}

Full diligence trail

The interactive terminal shows every verified fact behind USD0's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.

Open in the terminal →Read the methodology →

Dimension

Score

Holder Concentration

This score is based on our last measurement of USD0's holders, on September 29, 2026.

4 / 25

Reserve Quality

The reserves are tokenized real-world assets rather than cash and Treasury bills.

Upgrade factorReserves held in cash and Treasury bills, confirmed by an auditor (23).

18 / 25

Transparency

Regulatory standing scores 12 of 25.

Upgrade factorA US trust charter with a PCAOB-registered auditor, or a purpose-built stablecoin license.

20.5 / 25

Redemption Depth

Redemption with the issuer takes one to three days.

Upgrade factorRedemption for anyone within a day (25).

22 / 25

Chain

Share of measured supply

Ethereum

100.0%

Dimension

Finding

Verified

Disclosure Quality

Contract address verified on Ethereum: 0x73A15FeD60Bf67631dC6cd7Bc5B6e8da8190aCF5 (primary deployment)

Address confirmed active onchain.

Jun 13, 2026

OnChain Benchmark (2026) 'USD0 Quality Rating', OnChain Benchmark, Developing, 64.5/100, methodology v1.5-stablecoin. Available at: https://onchainbenchmark.com/instruments/usd0 (Accessed: Oct 10, 2026).

@misc{ocb_usd0_2026, author = {{OnChain Benchmark}}, title = {{USD0 Quality Rating}}, year = {2026}, note = {64.5/100, Developing, methodology v1.5-stablecoin}, url = {https://onchainbenchmark.com/instruments/usd0} }