Ongoing USUAL buybacks under UIP-9 are in progress.

Has a funding rate arbitrage opportunity of 338% APR on December 31, 2025.

Protocol completes major tokenomics overhaul with 25% token burn, 85% cut in daily selling pressure, and passes one-year investor cliff vesting milestone. New product suite launches including sUSD0, sEUR0 savings products and USD0a cash and carry product with Superstate USCC integration, while USL borrowing rate drops from 5% to 1.5% APY.

USD0++ stablecoin depegged to $0.87 following team contract changes made without proper governance disclosure, causing token to crash 97% from $1.62 peak to current $0.02-$0.04 range. Team implemented emergency recovery measures including 100% protocol revenue sharing and early 1:1 redemption options (with forfeited rewards), while token vesting just begins.