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Record sog_st_usd3
USD3/Web 3 Dollar
Also recorded as Reserve USD3
- Lifecycle
- Active
- Issuance
- Protocol-based
- Reference target
- US dollar
- Primary organization
- Reserve ProtocolNo additional recorded relationship
- Launch
- 2024-04-25
- Redemption
- Protocol Based
- Backing
- Hybrid or mixed
- Stabilization
- Hybrid
- Last review
- 2026-06-30
- Evidence
- 6 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.Ethereum-based Reserve Protocol RToken introduced in April 2024 as a fully asset-backed, overcollateralized, yield-bearing dollar asset governed by RSR stakers and supported by an evolving collateral basket.
| Name | Web 3 Dollar |
|---|---|
| Symbol | USD3 |
| Aliases | Reserve USD3 |
| Asset class | Stablecoin |
| Lifecycle status | Active |
| Issuance status | Protocol-based |
| Canonical record ID | sog_st_usd3 |
| Route slug | reserve-usd3 |
| Record confidence | High |
| Last reviewed | 2026-06-30 |
- Name
- Web 3 Dollar
- Symbol
- USD3
- Aliases
- Reserve USD3
- Asset class
- Stablecoin
- Lifecycle status
- Active
- Issuance status
- Protocol-based
- Canonical record ID
sog_st_usd3- Route slug
reserve-usd3- Record confidence
- High
- Last reviewed
- 2026-06-30
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 6 |
| Reserve reports | 1 |
| Reserve components | 1 |
| Model-history events | 4 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 3 |
| Events | 4 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- DAO Governed
- Primary display organization
- Reserve Protocol
- Primary display role
- Protocol operator
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Deployment control-event references
- 0
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| Reserve Protocol | Protocol or software system | Protocol or decentralized system | Decentralized Ethereum protocol governance | Protocol operator | Primary display | 2024-04-25 | Not yet recorded | Active relationship |
Protocol or software system
Primary displayReserve Protocol
- Functional role
- Protocol operator
- Relationship status
- Active relationship
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Decentralized Ethereum protocol governance
- From
- 2024-04-25
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- Not yet recorded
- Reference methodology
- USD3 targets one U.S. dollar through a governed collateral basket and Reserve Protocol RToken mechanics.
- Public backing model
- Hybrid or mixed
- Canonical backing types
- Stablecoin Collateral, Tokenized Fund, Mixed
- Reserve component categories
- Other
- Primary stabilization mechanism
- Hybrid
- Recorded model description
- Governed Yield Bearing Collateral Basket
- Redemption / exit model
- Protocol Based
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- None recorded
- Classification notes
- Yield-bearing Reserve Protocol RToken with onchain basket backing, minting and redemption, and RSR overcollateralization governance.
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- Governed basket of yield-bearing stablecoin and protocol positionsOther · The current report is retained as dated context; live allocation is not asserted.
| Disclosure status | Onchain Protocol Collateral Context |
|---|---|
| Backing types | Stablecoin Collateral, Tokenized Fund, Mixed |
| Summary | USD3 is backed by a governed basket of yield-bearing assets with RSR overcollateralization. |
| As of | 2026-06-30 |
| Profile confidence | High |
- Disclosure status
- Onchain Protocol Collateral Context
- Backing types
- Stablecoin Collateral, Tokenized Fund, Mixed
- Summary
- USD3 is backed by a governed basket of yield-bearing assets with RSR overcollateralization.
- As of
- 2026-06-30
- Profile confidence
- High
| Current status | Protocol Based |
|---|---|
| Settlement asset | Pro-rata governed collateral basket |
| Eligible parties | Users of supported Reserve Protocol interfaces. |
| Retail access | Public Protocol Based |
| Institutional access | Public Protocol Based |
| Minimum amount | Protocol and transaction dependent. |
| Fee | Protocol and network costs may apply. |
| Settlement time | Ethereum and protocol-state dependent. |
| Regional limits | Applicable restrictions may apply. |
- Current status
- Protocol Based
- Settlement asset
- Pro-rata governed collateral basket
- Eligible parties
- Users of supported Reserve Protocol interfaces.
- Retail access
- Public Protocol Based
- Institutional access
- Public Protocol Based
- Minimum amount
- Protocol and transaction dependent.
- Fee
- Protocol and network costs may apply.
- Settlement time
- Ethereum and protocol-state dependent.
- Regional limits
- Applicable restrictions may apply.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| Not yet recorded | Reserve Protocol Forum | Onchain Protocol Context | Stablecoin Collateral, Tokenized Fund, Other | High |
Reserve Protocol Forum
Not yet recorded- Type
- Onchain Protocol Context
- Assets covered
- Stablecoin Collateral, Tokenized Fund, Other
- Record confidence
- High
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Specific network recorded | ERC-20 | Protocol-native or protocol-supported deployment | Protocol Native Token | Active | Active | No separate change state recorded | Native deployment | Canonicality recorded | Source-linked record; identifier not recorded | Identifier not recorded | Identifier not recorded | Not yet recorded | Not yet recorded | 0 | Canonical USD3 RToken identity is established by official protocol and governance sources; the exact identifier remains an explicit review item. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Introducing USD3 Published 2024-04-25 | Reserve Protocol Forum | Governance record Canonical: Official Governance Proposal | Governance primary source | Primary source | Launch Date, Identity, Backing, Minting, Redemption, Yield, Governance, Usd3 Deployment Identity Initial Basket Mint Redemption and Yield Design | Archive index or wildcard | High |
| USD3 Quarterly Report Q1 2026 Published 2026-04-21 | Reserve Protocol Forum | Reserve, assurance, or financial report Canonical: Official Report | Assurance or financial-report source | Primary source | Current Status, Collateral, Yield, Supply, Liquidity, Reporting, Current Status Collateral Basket Yield and Liquidity Context | Archive index or wildcard | High |
| Yield DTF overview Published Not yet recorded | Reserve Protocol | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Protocol Model, Minting, Redemption, Yield, Governance, Overcollateralization, Yield Dtf Mint Redemption Revenue and Governance Model | Archive index or wildcard | High |
| USD3 3.4.0 Upgrade Published 2024-06-09 | Reserve Protocol Forum | Governance record Canonical: Official Governance Proposal | Governance primary source | Primary source | Contract Address, Protocol Upgrade, Governance, Contract Components, Usd3 Contract Identity Version 340 Governance and Upgrade Context | Archive index or wildcard | High |
| USD3 4.2.0 Upgrade Published 2026-02-02 | Reserve Protocol Forum | Governance record Canonical: Official Governance Proposal | Governance primary source | Primary source | Protocol Upgrade, Governance, Contract Components, Current Version, Proposed Version 420 Upgrade and Current 340 Version Context | Archive index or wildcard | High |
| USD3 Collateral Basket Change Proposal 1 Published 2024-06-03 | Reserve Protocol Forum | Governance record Canonical: Official Governance Proposal | Governance primary source | Primary source | Collateral Change, Governance, Basket History, Early Collateral Basket Governance and Change History | Archive index or wildcard | High |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Launch Transaction | The exact deployment transaction boundary is not recorded. | Unknown after review | High | 2026-06-30 |
| Basket History | Complete collateral change history remains incomplete. | Unknown after review | High | 2026-06-30 |
| Upgrade Status | The complete Reserve Protocol 4.2.0 execution status, implementation timing, deployed contract changes, and on-chain completion evidence are not yet recorded. | Unknown after review | Medium | 2026-06-30 |
Launch Transaction
The exact deployment transaction boundary is not recorded.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-30
Basket History
Complete collateral change history remains incomplete.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-30
Upgrade Status
The complete Reserve Protocol 4.2.0 execution status, implementation timing, deployed contract changes, and on-chain completion evidence are not yet recorded.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-30
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
- Web 3 Dollar is introduced on Reserve ProtocolLaunch
- USD3 publishes its first collateral basket change proposalReserve Change
- USD3 publishes Reserve Protocol 3.4.0 upgrade proposalGovernance Change
- USD3 publishes Reserve Protocol 4.2.0 upgrade proposalGovernance Change
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| 2024-04-25 | Web 3 Dollar is introduced on Reserve Protocol | Launch and introduction | Launch | Remained active | Not applicable |
| 2024-06-03 | USD3 publishes its first collateral basket change proposal | Other material event | Reserve Change | Unknown or unresolved | Not applicable |
| 2024-06-09 | USD3 publishes Reserve Protocol 3.4.0 upgrade proposal | Governance and protocol change | Protocol Upgrade | Unknown or unresolved | Not applicable |
| 2026-02-02 | USD3 publishes Reserve Protocol 4.2.0 upgrade proposal | Governance and protocol change | Protocol Upgrade | Unknown or unresolved | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.- All stablecoinsCompare this record with the rest of the archive.
- Reserve ProtocolDecentralized Ethereum protocol governance
- Event registry4 connected events recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.