Synthetic dollars backed by real-world credit bring yield, programmability, and capital efficiency to DeFi marking a new era beyond traditional stablecoins.

The Efficiency Campaign is a multi-season initiative designed to reward users who actively engage with Pareto’s ecosystem. As USP goes live, Season 2 shifts focus toward rewarding participation in Pareto’s synthetic dollar ecosystem.

Pareto, the private credit marketplace bridging institutional capital with on-chain lending, has officially launched USP, the first synthetic dollar backed by real-world private credit.

DeFi has come a long way in transforming legacy financial infrastructure, but when it comes to credit, it’s still clinging to outdated models.

Matteo Pandolfi spoke with RockawayX about the Pareto's evolution, its Efficiency Campaign, and the future of credit on-chain