Where Things Stand Right Now
The Usual USD stablecoin, known by its ticker USD0, is currently hovering around $0.9984—up a modest 0.0796% over the last 24 hours. With roughly 595 to 600 million tokens in circulation, the project sits at a market cap between $570 and $600 million. What’s caught traders’ attention lately is the jump in trading volume relative to that market cap, suggesting liquidity providers are starting to take notice.
What makes USD0 stand out is its backing: every token is pegged 1:1 to ultra-short maturity U.S. Treasury Bills. That’s a transparency play aimed squarely at investors wary of opaque reserve structures. Meanwhile, USD0’s staked cousin—USD0++—offers built-in yield incentives but has been dealing with its own set of challenges. Recent changes to redemption rules and tweaks to the liquidity floor mechanism have injected some volatility into that side of the ecosystem, and traders are watching closely to see how it all shakes out.
What the Charts Are Saying
Looking at the short-term charts, USD0 is trading in a pretty tight range just under the $1 mark. The 8-, 13-, and 21-period simple moving averages are all bunched together near $0.9975 to $0.9982, which tells us there’s not much momentum in either direction right now. The 14-period Relative Strength Index is parked around 50 to 51—basically neutral territory. No overbought froth, no oversold panic.
On the daily timeframe, USD0 has managed to stay above its recent low near $0.987, but it keeps bumping its head on that psychological $1.00 ceiling. A clean break above a dollar would be the signal bulls are waiting for. Right now, though, longer-term moving averages like the 100- and 200-day are acting as overhead resistance, keeping any breakout dreams in check.
A Quick Look at USD0++
USD0++, the yield-bearing staked version, is in a tougher spot. It’s been trading below its engineered liquidity floor around $0.92, and most of the moving averages are putting downward pressure on price. Momentum indicators lean bearish or sideways at best. Competition from other DeFi yield vaults isn’t helping—there’s less incentive to hold when you can earn similar or better returns elsewhere. That said, there are faint hints of a bullish MACD crossover forming, which could set up a relief bounce. But until it clears resistance near $0.945, it’s hard to get too excited.
What Comes Next
For USD0, the most likely scenario in the near term is more of the same: choppy trading between about $0.9970 and $1.0020. If the macro picture stays calm and U.S. Treasury yields hold steady, we could see a creep toward $1.005. But that level is going to be tough to crack without a strong catalyst. On the flip side, any hiccup—whether it’s a liquidity crunch or regulatory noise—could send the price back down toward $0.995 or even $0.990.
As for USD0++, a recovery back toward the $0.92 support floor seems achievable, especially if the team rolls out more attractive yield programs or makes favorable changes to the tokenomics. Breaking through $0.945 would be the key to turning sentiment around for the longer haul. If that doesn’t happen, expect it to keep bouncing around between $0.88 and $0.95 until something bigger comes along—a protocol upgrade, a new partnership, or some clarity on the regulatory front.
