Bond USD0 (bUSD0) is a tokenized form of the USD0 stablecoin that stays locked until June 11, 2028. While it cannot be redeemed for USD0 directly before this date, bUSD0 remains transferable and accrues both USUAL incentives and yield at maturity. Upon reaching maturity, holders can exchange 1 bUSD0 for 1 USD0. For those wishing to exit early, an equivalent quantity of rt-USD0—issued during the initial minting process—is required to unlock bUSD0 back into USD0 at a 1:1 ratio at any time. Furthermore, the DAO has established a price floor that allows for early redemption even if the asset trades below its peg.