Palm USD

Palm USD (PUSD) is a USD-pegged digital token issued to support cross-border settlement, treasury operations, and institutional payment use cases. The token is structured to maintain a one-to-one redemption value with the U.S. dollar and is fully backed by reserves held in USD-pegged Gulf Cooperation Council (GCC) currencies, primarily the Saudi Riyal (SAR) and the UAE Dirham (AED).

Each PUSD token is issued only after corresponding fiat funds have been received by authorized counterparties. Reserves are maintained at or above the total supply of PUSD in circulation. Reserve assets consist of cash and cash-equivalent instruments, including short-duration, low-risk investments and Shariah-compliant sukuk, selected to preserve liquidity and capital stability. Reserve assets are held separately from operating accounts and are not used for proprietary trading or lending activities.

Palm USD operates under a fully collateralized issuance and redemption model. Authorized participants may mint PUSD by depositing approved fiat funds through designated custody and banking channels. Redemptions are processed at par through the same framework, subject to standard operational and compliance requirements applicable to on- and off-ramp providers.

To support transparency, Palm USD publishes regular third-party attestations verifying reserve balances, asset composition, and reconciliation between reserves and circulating supply. These attestations are intended to provide ongoing visibility into the backing of the token and are made available to counterparties and the public on a recurring basis.

At the smart-contract level, PUSD is designed without administrative freeze, seizure, or blacklist functions. Once issued, tokens cannot be unilaterally frozen or revoked by the issuer. Compliance controls are applied at the participant, issuance, and redemption layers rather than through token-level restrictions.

Palm USD is designed for use in settlement, payments, treasury management, and digital asset infrastructure. The use of USD-pegged GCC reserve currencies provides geographic diversification while maintaining a stable USD reference. The structure is intended to support users operating in jurisdictions where access to U.S.-custodied dollar instruments may be limited or operationally inefficient.

Palm USD is positioned as a functional settlement instrument rather than a yield-bearing or speculative asset. Its design emphasizes full backing, predictable redemption mechanics, and operational transparency to support consistent use in commercial and institutional contexts.