Wrapped USD ($WUSD) is a governance-free, immutable, multi-fiatcoin wrapper on Ethereum for the 6 USD fiatcoins — USDT, USDC, BUSD, USDP, TUSD, and GUSD.

Wrapped USD is a governance-free, immutable, multi-fiatcoin wrapper for the 6 USD fiatcoins — USDT, USDC, BUSD, USDP, TUSD, and GUSD.

Where DAOs/multisigs in current fiatcoin wrappers are vulnerable to, and even embrace, capture (itself a property inherent to fiatcoins), WUSD — like WETH or LUSD — is immutable.