bUSD0 (Bond USD0) represents USD0 stablecoin locked until June 11, 2028. It remains transferable during this period, earning USUAL incentives and maturity yield. Users receive 1 USD0 for 1 bUSD0 at maturity. For early redemption, users need an equivalent amount of rt-USD0 — received at mint — which unlocks bUSD0 back into USD0 at a 1:1 rate anytime. Additionally, early redemption below peg can be made at a DAO set price floor.