Standard Money (prev. Tranching Protocol) (N/A)

Standard Money is a synthetic stablecoin protocol offering a collateralized alternative to Tether, with the ability to earn up to 30% APY. It is a rebranding from the Tranching Protocol - a yield-optimizing company incubated by YZi Labs and backed by Animoca, Gate, and Cryptocom.

It aims to break the centralized stablecoin model, where protocols retain all yield generated from user liquidity, and instead distribute that yield back to users.

Users can exchange their stablecoins for the native $USDSD token, which is 100% collateralized and redeemable 1:1 for the dollar. It can also be used as collateral across DeFi apps. To earn yield, users stake $USDSD and receive $sUSDSD - a yield-bearing version of the token. $sUSDSD grows in value relative to USDSD at a rate determined by the platform's APY, and remains tradable across DeFi. 

💸 Standard Money yield

To generate that yield, Standard Money protocol deploys staked liquidity through a market-neutral farming strategy similar to Ethena's. The core approach involves purchasing and staking $ETH on spot while shorting it in futures, making the position resistant to market volatility. This generates returns from both staking rewards and funding rates, which are then distributed to sUSDSD holders and reflected in its APY.

As of April 2026, the platform offers a base APY of 8%, with plans to scale it up to 30% through partnering with exchanges to supply liquidity. 

🪙 Standard Money token: As of April 2026, the Standard Money crypto project hasn’t provided details about its potential token launch, but mentioned $MONEY airdrop rewards in its docs and X post when describing its points farming campaign.

Starting from October 20, 2025, it announced a points farming campaign with invite-only access for users that will result in the Standard ($MONEY) airdrop when concluded.
 

Considering this info, the CoinLaunch team conducted a comprehensive review of the Standard Money crypto project and found some of its pros and cons:
 

✅ Standard Money pros:

• A solid ecosystem of development - BNB Chain;
• Confirmed token and airdrop;
• Incubation and backing from YZi Labs, Animoca, Crypto.com, and Gate in 2021 (As a Tranching Protocol);
• The platform claims to have a network of parents, including Binance, OKX, Bybit, and others.
   

❌ Standard Money cons:

• Very low number of users;
• Confusing info on investors: There were claims that the project had $8M private round with YZi Labs, Animoca, and Gate, which were dismissed;
• Small industry sector market capitalization (~$3B);
• No tokenomics yet;
• No security audits;
• Below-average Growth Marketing;
• Very weak SMM, SEO, Influencer Marketing, and PR;
• The team is anonymous.