> For the complete documentation index, see [llms.txt](https://docs.noon.capital/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.noon.capital/built-for-high-yields/our-stablecoin-usn-and-susn.md).

# Our stablecoin: USN (& sUSN)

## <mark style="color:purple;">USN</mark>

US <mark style="color:blue;">**Noon**</mark>, or <mark style="color:purple;">**USN**</mark>, is <mark style="color:blue;">**Noon's**</mark> stablecoin. It maintains a 1:1 peg to the US Dollar. <mark style="color:purple;">**USN**</mark> is deployed on Ethereum, ZKSync, Sophon, TAC & Starknet.

**Acquiring&#x20;**<mark style="color:purple;">**USN**</mark>**:** Permissioned institutional users can mint <mark style="color:purple;">**USN**</mark> on the <mark style="color:blue;">**Noon**</mark> dapp (see [Minting & Redemption](/built-for-high-yields/our-stablecoin-usn-and-susn/minting-and-redemption.md)). All other users can acquire <mark style="color:purple;">**USN**</mark> via pools on DEXes (Uniswap, Syncswap, Curve).

**Exiting&#x20;**<mark style="color:purple;">**USN**</mark>**:** Permissioned institutional users can redeem <mark style="color:purple;">**USN**</mark> on the <mark style="color:blue;">**Noon**</mark> dapp. Redemption may be subject to daily limits, especially during the Public Beta period. All other users can sell <mark style="color:purple;">**USN**</mark> via pools on DEXes.&#x20;

**Benefits of holding&#x20;**<mark style="color:purple;">**USN**</mark>**:** Users holding <mark style="color:purple;">**USN**</mark> will receive a disproportionate amount of governance token (<mark style="color:green;">**$NOON**</mark>) rewards. They will **not** receive any raw yield.

**Collateral and Backing:&#x20;**<mark style="color:purple;">**USN**</mark> will always be backed 1:1 with USDT, USDC, or short-term U.S. Treasury Bills. Each of these assets will be held in secure, custodial wallets.

## <mark style="color:purple;">sUSN</mark>

<mark style="color:purple;">**USN**</mark> can be staked via the <mark style="color:blue;">**Noon**</mark> dApp. Staking <mark style="color:purple;">**USN**</mark> gives users access to a staking token, <mark style="color:purple;">**sUSN**</mark>.&#x20;

**Acquiring&#x20;**<mark style="color:purple;">**sUSN**</mark>**:** All users can acquire <mark style="color:purple;">**sUSN**</mark> by staking <mark style="color:purple;">**USN**</mark> on the Ethereum Network on the <mark style="color:blue;">**Noon**</mark> dApp, or buying <mark style="color:purple;">**sUSN**</mark> via pools on DEXes

**Exiting&#x20;**<mark style="color:purple;">**sUSN**</mark>**:** All users can unstake <mark style="color:purple;">**sUSN**</mark> to receive <mark style="color:purple;">**USN**</mark> on the <mark style="color:blue;">**Noon**</mark> dApp, or sell <mark style="color:purple;">**sUSN**</mark> via pools on DEXes. Unstaking <mark style="color:purple;">**sUSN**</mark> will be subject to a cooldown period.

**Benefits of holding&#x20;**<mark style="color:purple;">**sUSN**</mark>**:** Users holding <mark style="color:purple;">**sUSN**</mark> will receive 80% of the raw returns of <mark style="color:purple;">**Noon**</mark>. In addition, these users will also receive a small distribution of the <mark style="color:blue;">**Noon**</mark> governance token (<mark style="color:green;">**$NOON**</mark>).

**Collateral and Backing:** Each <mark style="color:purple;">**sUSN**</mark> token will represent a share of the <mark style="color:purple;">**USN**</mark> that is held in the <mark style="color:purple;">**USN**</mark> staking smart contract / pool. <mark style="color:purple;">**sUSN**</mark> will always be fully backed by <mark style="color:purple;">**USN**</mark>. The value of <mark style="color:purple;">**sUSN**</mark> will be computed directly by dividing the <mark style="color:purple;">**USN**</mark> held in the staking smart contract / pool by the number of <mark style="color:purple;">**sUSN**</mark> in circulation.

**Value accrual to&#x20;**<mark style="color:purple;">**sUSN**</mark>**:** On a daily basis, <mark style="color:blue;">**Noon**</mark> will mint <mark style="color:purple;">**USN**</mark> equivalent to the 80% of the daily protocol returns into the <mark style="color:purple;">**USN**</mark> staking smart contract / pool. As the amount of <mark style="color:purple;">**USN**</mark> in this smart contract / pool increases, the value of each <mark style="color:purple;">**sUSN**</mark> will appreciate.

Additional details about the our stablecoin can be found in subsequent sections of this document.