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About Palm USD
Analysis of 3 Apr 2026Palm USD (PUSD) is a USD-pegged stablecoin issued by Palm Azgar Finance Company, a licensed financial services provider headquartered in Riyadh, Saudi Arabia. The token is issued through a British Virgin Islands affiliate and maintains a 1:1 peg to the US dollar.
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Rather than holding direct USD reserves, PUSD is backed by Saudi Riyal (SAR) and UAE Dirham (AED) deposits, both currencies that are themselves pegged to the dollar. Reserve assets include cash, cash equivalents, and Shariah-compliant sukuk instruments.
PUSD is deployed on four blockchain networks: Ethereum, BNB Chain, Solana, and Tron.
With a reported $2.3 billion in circulation and over 50 institutional partners, PUSD positions itself as an institutional-grade stablecoin targeting cross-border settlement and treasury operations in the Middle East and Asia.
