Resupply USD

Resupply USD is a stablecoin issued by the Resupply protocol on Ethereum and intended to be pegged to the US dollar. The protocol was developed as a joint venture by contributors from the Convex and Yearn teams, and its application opened for use in 2025. The system is based on the collateralized debt position (CDP) model: users deposit collateral and borrow reUSD against it.

What sets Resupply apart is that it accepts interest-bearing lending positions as collateral rather than crypto assets directly. A user deposits stablecoins such as crvUSD or frxUSD into Curve Lend or Fraxlend markets, then posts the resulting interest-bearing position to Resupply as collateral to mint reUSD. This way the collateral keeps earning interest while the user gains additional liquidity. DefiLlama classifies reUSD as a crypto-backed dollar stablecoin.

This structure also passes the risks of the stablecoins and lending markets behind the collateral on to reUSD; the dollar peg is a target. It should not be confused with Re Protocol's reUSD, which uses the same symbol. The Resupply USD price on Lzzo.com is based on DefiLlama's US dollar reference.