Government bonds · USTRY

USTRY: US Treasury exposure with Etherfuse

US Treasury securities · US dollars (USD)

Hold and transfer this Etherfuse token in Lex.

What is the underlying investment?

US Treasury securities finance the federal government. Treasury bills are short-term securities purchased at a discount or at face value; notes and bonds have different maturities and interest-payment structures. The exact security matters when assessing price changes and return.

USTRY is Etherfuse’s dollar-denominated token for US Treasury exposure. It is distinct from USDC, which targets a one-dollar value. USTRY is an investment whose value follows its product economics, not a promise that each token can always be exchanged for exactly one dollar.

Why access can take extra steps

The US government’s TreasuryDirect account requires a Social Security number for an individual, a US address of record, and a US bank account compatible with its payment system. Those conditions make that particular route difficult for many people living elsewhere. Banks and brokers can offer other routes under their own eligibility rules.

Etherfuse offers another way to hold Treasury exposure through its USTRY token. Lex supports USTRY holdings and transfers. Issuer purchases and redemptions have their own eligibility requirements and terms.

What Etherfuse adds

Etherfuse creates Stablebonds backed by government debt. The token provides economic exposure to the backing assets under the issuer’s terms; Etherfuse handles the underlying investment and custody arrangements. Lex is the app where you manage the supported token in your self-custodial wallet.

Self-custody means you control the wallet holding the token. The underlying securities still rely on Etherfuse and its custodians. Read the product documents, reserve information, eligibility rules, and redemption terms before investing. A token transfer, a market sale, and redemption with the issuer are different operations.

Issuer or protocol: Etherfuse
Network: Base
Token contract: 0xc2C1f8Eb98C0468Be0232DD4166705d0Dea3Fe31

How value works

The token’s value reflects the underlying portfolio and accrued returns, rather than a fixed one-unit currency peg. Rates and portfolio values change. A market quote may differ from the issuer’s net asset value (NAV), and a yield shown today is not a guaranteed future return.

What to consider

Consider sovereign credit, interest rates, currency movements, issuer and custodian performance, smart contracts, and available trading liquidity. Selling can realize a loss, and fees and taxes reduce the amount you keep. This is an investment, not an insured bank deposit. Verify the network and contract shown on this page before transferring tokens; the same symbol on another network is not interchangeable.

An example to think through

Imagine you hold digital dollars for everyday payments and are considering an investment for money you can leave aside. USDC and USTRY serve different purposes: a currency token targets dollar parity, while an investment token adds exposure to an underlying portfolio and its issuer. Check price, costs, access, and the ability to sell before moving money you will need soon.

Using Lex with this Etherfuse token

Download Lex, open Government bonds, and choose the token to see your supported holdings. To receive tokens, use your Lex address on the network shown on this page and match the token contract. You can hold and transfer the tokens in the same wallet as your currencies.

Lex does not currently provide buy or sell quotes for this bond. For purchases or redemptions through Etherfuse, review the product page linked below, including eligibility, available networks, and current terms. A transfer to Lex does not sell or redeem the token.

Sources and documentation

Information reviewed October 4, 2026.