reUSD

reUSD is issued by Re. What stands behind it: reinsurance premiums. It is a senior tranche on its issuer's shared pool: losses reach it only after the junior tranche is gone. It redeems at once in normal conditions, and the issuer states a worst case of 90 days.

Facts

Issuer

Re

What stands behind it

reinsurance premiums

Strategy

underwriting reinsurance premiums

Valued in

USD

Position in the capital stack

senior tranche

Who has to keep a promise

a reinsurer, a regulated issuer

Redemption

redeems at once in normal conditions; the issuer's stated worst case is 90 days

Who can change it

a timelock · 48 h delay · the admin role · an upgradeable contract; the same timelock holds both roles 0x69ddea332723cf5407151aaf68b9b076557fca93 (Ethereum)
a timelock · 48 h delay · the upgrade role 0x69ddea332723cf5407151aaf68b9b076557fca93 (Ethereum)

Audits

Sherlock, 2026-07
Certora, 2025-09
Hacken, 2025-03
Hacken, 2024-11
Hacken, 2024-08

Bug bounty

not found in a source that meets the standard

Depends on

Ethena (sUSDe)
Other assets from the same issuer: reUSDe

Chains

Ethereum, Monad

Checked

2026-10-01, from the issuer's own documents

Sources

https://docs.re.xyz/products/about-reusd
https://docs.re.xyz/minting-and-redemptions/redemptions
https://docs.re.xyz/capital-stack-and-loss-waterfall/loss-waterfall-order
https://docs.re.xyz/products/smart-contracts
https://docs.re.xyz/transparency-and-data-show-me-the-receipts/audits-attestations-custody-structure

Pendle markets on it

Live Pendle markets on this asset, as of 6 Oct 2026. Rates are not shown. Market data: Pendle.

Not found

What the research has not answered for this asset, said rather than left blank.

• A public bug bounty programme.
• Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.