USDPLUS
Overnight.fi USD+
$1.0001
0.01%
Overnight.fi USD+
USDPLUS
$1.0001
0.01%
Overnight.fi USD+ Price Converter
Overnight.fi USD+ Information
Overnight.fi USD+ Markets
About Overnight.fi USD+
Overnight.fi USD+ (USD+) is a rebase token that functions as a stablecoin pegged to USDC, designed to generate daily yields through conservative DeFi investments. It serves various stakeholders, including fiat investors, the crypto community, and AMMs, by providing a stable, high-yield alternative for asset management.
Overnight.fi USD+ (USDPLUS) is an ERC-20 rebase token issued by the Overnight Finance protocol. USD+ is a fully collateralized and yield-bearing stablecoin pegged to USDC. It is designed to maintain its peg through a portfolio of conservative DeFi investments. The token's value is kept stable via a mechanism known as the "Net Asset Value of 1" policy, ensuring the market value of assets equals the amount of USD+ in circulation. Profits generated from these investments are distributed to USDPLUS holders through daily rebasing, which increases the token balance in holders' wallets.
USDPLUS serves multiple purposes across various stakeholders:
- For Fiat Investors: USDPLUS offers an accessible high-yield alternative to traditional financial products, such as money market funds, and can be integrated into online brokers or neobanks as a savings account option linked to Overnight's yield.
- For the Crypto Community: USDPLUS provides a low-risk, yield-generating alternative for those looking to temporarily exit volatile positions or manage stablecoin cash efficiently.
- For Automated Market Makers (AMMs): Platforms like SushiSwap can utilise USD+ to earn yield on liquidity locked in trading pairs, thus optimising the use of capital that would otherwise remain idle.
Overnight.fi and its core products, including USDPLUS, were developed by a team that includes key figures such as Maxim Ermilov, who is the CEO and co-founder.
The official Overnight.fi USD+ ticker is “USD+” and trades under that name on all the exchanges where it has been listed. The designation “USDPLUS” is for CryptoCompare.com only.
