USDL/USD price feed
USDL is a yield-bearing dollar listing built in a regulated style, a token designed so that holding it accrues value over time.
History for this pair is accumulating since 2026-08-20: the chart renders automatically once enough observations exist. The live rate is available over the API today.
Accrual is not a price
A yield-bearing dollar grows by design, but design says nothing about what a pool will pay for it at a given moment. The accrual schedule is one number; the traded level is another.
Collateral systems care about the second one. A liquidation engine does not seize accrued yield in theory; it sells the token into whatever market exists, at whatever rate that market offers.
That is why a pool-measured rate for USDL matters. Once its on-chain markets carry observable trading, the traded level becomes the figure a collateral framework can act on.
Who runs on this rate
Collateral desks
Systems considering USDL as backing need the rate a forced sale would meet, not the rate its accrual math implies.
USDL in the catalog
One pair, computed from its own pools with the same methodology:
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