rUSD is a yield-bearing stablecoin deployed on Base at address 0x09d4214c03d01f49544c0448dbe3a27f768f2b34. Issued by the Reservoir protocol, the token is designed to maintain a $1 peg while generating yield for holders through underlying lending and liquidity strategies. Its current market price of approximately $0.999 reflects standard stablecoin peg mechanics.
Beyond its native deployment, rUSD is actively integrated into Pendle’s yield-tokenization markets on Ethereum mainnet. Multiple maturity cohorts (July 2025, October 2025, and February 2026) show significant total value locked, with implied annualized yields ranging from roughly 12% to 38%. These markets primarily feature Reservoir as the top yield token program, highlighting the token’s role in structured yield trading and derivative markets.