Worldwide USD
WUSD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Worldwide USD (WUSD) is a centralized fiat-backed stablecoin issued by WSPN that suffers from critical fundamental, governance, and security deficiencies. The project exhibits negligible on-chain adoption and secondary market activity, with 24-hour trading volume near zero ($1.37) and severe supply reporting discrepancies (~$610k vs. ~21.8M tokens). Development is largely dormant, with repositories showing minimal activity and an absence of formal public roadmaps or security audits. In May 2026, the ecosystem suffered a ~$207,000 flash-loan Sybil exploit against its WUSD.fi/GLOVE reward distribution mechanism, which collapsed the associated reward token. Combined with a lack of verified independent reserve attestations, anonymous team structure, and non-existent community engagement, WUSD carries extreme structural and liquidity risks.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Worldwide USD (WUSD)
Worldwide USD (WUSD) is a fiat-backed stablecoin issued by WSPN, launched in 2024 and deployed across multiple blockchain networks. Designed primarily for enterprise payments and cross-border settlement, WUSD utilizes a centralized minting and redemption mechanism tied to US dollar reserves. The project underwent a contract migration from an earlier token address and completed a smart contract upgrade and exchange swap in December 2024, followed by an integration with the Stargate Finance cross-chain bridge in September 2025.
The token operates under a centralized governance structure with no on-chain decentralized autonomous organization (DAO) and undisclosed team leadership. The project faces notable transparency and liquidity challenges, including an absence of verifiable third-party reserve attestations and public security audits. Secondary market activity is near zero, with reported 24-hour trading volumes dropping to minimal levels and significant discrepancies in reported circulating supply, which ranges between approximately $610,000 and 21.8 million tokens across data aggregators. Additionally, secondary market pricing has shown material deviations from its targeted $1.00 peg.
On May 25, 2026, the project's associated WUSD.fi and GLOVE incentive program experienced a security exploit resulting in approximately $207,000 in losses. The attacker executed a flash-loan-assisted Sybil attack against the incentive contract's reward distribution function, draining liquidity from decentralized exchange pools before converting the proceeds into approximately 98 ETH and laundering them through Railgun. While core WUSD reserves were not directly compromised, the related GLOVE reward token collapsed to zero, and no official public post-mortem was issued. Software development remains largely dormant with minimal repository updates.