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πŸͺ™ What is StateSet USD (ssUSD)?

StateSet USD (ssUSD) will be a fully-backed, regulatory-compliant stablecoin designed for instant global commerce. ssUSD combines the stability of the US dollar with the efficiency of blockchain technology.

1:1 USD Backing

Every ssUSD is backed by $1 in secure, audited reserves

Instant Settlement

Sub-second finality on StateSet, instant bridging to other chains

Full Compliance

GENIUS Act compliance with monthly attestations and criminal penalties for misreporting

πŸ’° Reserve Composition

Our conservative reserve structure ensures ssUSD stability and liquidity:
Asset TypeAllocationDescriptionRisk Level
U.S. Dollar Cash10%FDIC-insured deposits at regulated banks● Minimal
Treasury Bills70%U.S. T-Bills with ≀93 days maturity● Minimal
Government MMFs15%Government-only money market funds● Minimal
Overnight Repos5%Tri-party repo agreements● Low

πŸ”‘ Key Features

  • Monthly Attestations: CPA-signed reserve reports published on-chain
  • Criminal Penalties: C-suite officers face criminal liability for misreporting
  • Segregated Accounts: Customer assets held separately from corporate funds
  • Native on StateSet: Instant, low-cost transactions
  • Base Integration: Bridge to Coinbase’s L2 network
  • Solana Support: High-speed DeFi integration
  • Cosmos IBC: Connect to 50+ IBC-enabled chains
  • Bulk Operations: Issue/redeem millions in a single transaction
  • Automated Compliance: Built-in KYC/AML checks
  • Audit Trail: Complete transaction history and reporting
  • White-Label API: Custom branding for partners

πŸ“Š API Capabilities

Core Operations

Issue ssUSD

Mint new ssUSD tokens upon receipt of USD. Requires issuer permissions.

Redeem for USD

Burn ssUSD and receive USD via ACH/wire. T+1 settlement.

Transfer ssUSD

Send ssUSD between addresses. Supports single and batch transfers.

Check Balance

Query ssUSD balance for any address across all supported chains.

Analytics & Compliance

View Reserves

Real-time reserve composition and historical data

Attestations

Access monthly CPA-signed reserve reports

Transaction History

Query transaction history with advanced filtering

Analytics

Supply metrics, velocity, and usage statistics

πŸš€ Quick Start Example

πŸ’‘ Use Cases

Online Payments

  • Accept ssUSD for instant settlement
  • No chargebacks or payment reversals
  • Lower fees than credit cards
  • Global reach without currency conversion

πŸ”’ Security & Compliance

All ssUSD operations require proper authentication and may be subject to compliance checks based on amount and jurisdiction.

Security Features

  • Multi-signature wallets for large transactions
  • Hardware security module (HSM) key storage
  • Rate limiting and fraud detection
  • Webhook signatures for secure notifications

Compliance Requirements

  • KYC/AML verification for issuance/redemption
  • Transaction monitoring for suspicious activity
  • Sanctions screening via Chainalysis
  • Tax reporting (1099 forms for US entities)

πŸ“ˆ Performance

< 1 second

Transaction finality

$0.01

Average tx cost

πŸ†˜ Support & Resources

Integration Guide

Step-by-step guide to integrate ssUSD

GitHub Examples

Sample code and reference implementations

API Status

Real-time API status and uptime

Contact Sales

Enterprise support and custom solutions