Flow USD (FUSD) is a stablecoin on Flow, issued by Prime Trust, that is backed 1:1 against USD on Flow Mainnet.

Purpose

FUSD is a 1:1 USD-backed stablecoin that is issued as a fungible token on the Flow network. FUSD is a fixed-price asset that provides a more consistently-priced experience for dapp developers and their users. As a valid payment token, FUSD also acts as an alternative for users who may not be holding the native FLOW token.

The volatility of cryptocurrencies can pose significant challenges for blockchain-based businesses. FUSD offers a nonvolatile alternative for developers building on Flow.

Using FUSD

FUSD is currently in testing. You will be able to use it with any dapp or ecosystem player that chooses to support payments in FUSD on Flow.

FUSD on Flow Testnet

A mock version of FUSD is live on Flow Testnet for development purposes.

Testnet FUSD is not backed by any real USD and is available only for testing purposes. The Testnet FUSD page contains more information on how to build Testnet dapps that use FUSD.

FUSD on Flow Mainnet

FUSD is not yet available on Flow Mainnet.

FAQs

Who is the issuer of FUSD?

FUSD is issued by Prime Trust, a Nevada-based trust company with address 330 South Rampart Blvd. Suite 260 Summerlin, NV 89145.