what's Last USD?
Last USD (USDXL) is a decentralized stablecoin pegged 1:1 to the US Dollar, backed by US Treasuries collateral. Deployed natively on the HyperEVM ecosystem, it enables seamless integration into DeFi protocols for stable value transfer, lending, and borrowing. Users mint USDXL by depositing eligible native assets into platforms like Hypurr Finance, which facilitates yield generation through staking or leveraged positions while maintaining peg stability via over-collateralization and dynamic mechanisms.
Stablecoin faces severe depegging crisis dropping to $0.93 due to collateralization issues and failing arbitrage mechanisms despite previous protocol integrations and yield features.
Will enable spending USDXL on inference through an upcoming x402 compatible gateway.
Stablecoin hits new low of $0.93 due to weak arbitrage mechanisms and practical collateralization issues.
Stablecoin loses peg amid reports of insufficient practical collateralization, despite overcollateralization claims on paper.
New protocol integration enables $M token as first reserve asset for USDXL stablecoin minting and yield generation.
Interest rates increase to 10.52% as new staking feature launches with APY derived from loan payments.
Price below $1 creates arbitrage opportunity for borrowers to enhance yield through debt market repayment.
Active arbitrage opportunity exists between pooled and isolated markets through minting and supplying.
New lending market opens with 30% LTV and 200K borrow limit for PURR/USDXL pair
Price feed launches on TradingView with Pyth Network integration.
New stablecoin offers industry-lowest 2.02% borrowing rate against BTC, with 60% LTV for BTC/HYPE and 40% for ETH collateral on HyperEVM ecosystem.
New isolated market launches with LHYPE/USDXL pair; borrowing temporarily disabled during market build phase.
Price feed integration with Pyth Network oracle service is now live.
Isolated Markets prepares to launch first trading pair LHYPE/USDXL