Pleasing USD

Issued by Pleasing Golden · reviewed 10 October 2026

Pleasing USD is the PUSD used within Pleasing Golden's tokenized precious-metals platform. Documentation describes a 1:1 PUSD-to-USDT redemption mechanism subject to compliance screening.

Instrument facts

Symbol	PUSD
Peg	USD
Backing	Crypto backed
Status	Active
Launched	2025
Networks	L2 Arbitrum
Specifications	Redemption PUSD is redeemable 1:1 into USDT subject to Pleasing's compliance screening; documentation states that USDT release generally occurs within T+1 to T+2 after clearance.
Use cases	Settlement, Trading, DeFi collateral

Background

Overview

Pleasing USD is the PUSD used within Pleasing Golden's tokenized precious-metals platform. Documentation describes a 1:1 PUSD-to-USDT redemption mechanism subject to compliance screening.

Key Features

This PUSD is Pleasing Golden's ecosystem stablecoin and must not be conflated with Palm USD's same-symbol PUSD.
PUSD serves as a settlement leg for Pleasing's tokenized precious-metals products.
Redemption is denominated in USDT rather than direct fiat bank payout.

Supported Networks

Available on Arbitrum.

Recent activity

— Our coverage Stablecoin Recap Jul 20–27, 2026: BIS warns stablecoins could undermine capital controls in emerging markets. — Stablecoin Beat Weekly
— Our coverage Stablecoin Recap Jun 8–15, 2026: USDC experienced a $0.754 billion outflow. — Stablecoin Beat Weekly

Frequently asked questions

What is Pleasing USD?

Pleasing USD is the PUSD used within Pleasing Golden's tokenized precious-metals platform. Documentation describes a 1:1 PUSD-to-USDT redemption mechanism subject to compliance screening.

Which networks carry PUSD?

PUSD is recorded on 1 network, Arbitrum.

Other US dollar stablecoins

Compiled from issuer disclosures, on-chain data and market data. Pleasing Golden · Methodology