Dollars that settle in seconds, reserved in full.
ozUSD is an open, bearer stablecoin for moving dollars across platforms, borders, and chains — 1:1 reserved and redeemable at par.
ozUSD is a payment stablecoin built for businesses that need dollars to move at the speed of software without leaving the regulated lane. Every token is backed one-to-one by reserve assets held in cash and short-dated U.S. Treasuries. There is no fractional backing, no lending against reserves, and no yield paid to holders — the value of one ozUSD is one dollar, redeemable on demand.
Why teams use ozUSD
- At-par redemption
Convert ozUSD to dollars at face value, with redemption settled within the window required under the federal payment-stablecoin framework.
- Full reserve transparency
Reserves are reported regularly and independently examined. See the Trust Center for current attestations.
- Open and composable
ozUSD is a bearer instrument — programmable, portable across supported networks, and usable in any flow your platform builds.
- Built for the U.S. framework
ozUSD is designed to the requirements of the GENIUS Act's federal payment-stablecoin regime and our path to Permitted Payment Stablecoin Issuer (PPSI) standing.
A bearer dollar, built to the federal rule.
ozUSD is engineered as a Permitted Payment Stablecoin under the U.S. federal payment-stablecoin framework — bearer in form, disciplined in substance.
Three pathways to PPSI standing.
FrameworkSubsidiary of an insured depository institution.
An IDI subsidiary chartered to issue payment stablecoins under federal supervision.
OCC-licensed non-bank issuer.
A non-bank issuer licensed federally by the OCC to issue payment stablecoins.
State-chartered issuer.
A state-qualified issuer operating under a regime certified as substantially similar to the federal framework — capped before federal transition is required.
Reserve mechanics, by the rule.
Per proposed federal rulesCash, Fed balances, insured demand deposits, ≤93-day Treasury bills, overnight Treasury repo, government money-market funds.
Maximum portion of reserves held at any one eligible financial institution.
Weighted average maturity of the reserve pool, with daily and weekly liquidity minimums.
Standard two-business-day redemption at par. Auto-extends to seven days if redemptions exceed roughly 10% of outstanding supply in 24 hours.
Specific percentages and day-counts shown above are drawn from proposed federal rules and remain subject to finalization. The statute itself requires 1:1 reserves and timely redemption at par.
Compliance, as code.
Stellus lets banks and PSPs define the rules their tokenized dollars must follow — counterparty, jurisdiction, risk, velocity, quorum, hours — and enforces them inline on every transfer, before settlement. Chainalysis screening powers the wallet and sanctions layer.
1// Programmable policy · runs inline on every transfer2policy.require({3 counterparty: verified("OzID"),4 riskScore: ≤ 3 // Chainalysis KYT,5 jurisdiction: not.in(sanctions.list),6 velocity: ≤ $1M / 24h,7 approvers: quorum(2, role.treasurer),8});9 10// → policy resolves before settlement; failure is deterministic- CounterpartyOnly OzID-verified wallets, Chainalysis risk score ≤ 3.
- JurisdictionBlock transfers originating from or terminating in sanctioned regions.
- VelocityCap institutional outflows at $1M per 24h; auto-flag bursts.
- QuorumRequire two-of-three approver signatures above a configurable threshold.
- HoursPermit on-chain settlement only during your defined operating window.
- AssetAllow OZD-only flows between specific account types; allow ozUSD broadly.
Programmable compliance applies to both ozUSD (the bearer stablecoin) and OZD (the tokenized deposit). Policy is a runtime contract — change it, and the next transfer obeys.
See all wallet and custody integrations on the Custody page.