# USDZ Overview

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**USDZ** is the latest stable backed perpetual LP token supporting ZO perpetual market.

USDZ LP Pool is only backed by stable tokens. In the beginning, only USDC will be supported. USDZ yield will come from fees generated by trading activities on the platform.

USDZ is characterized by the following:

* An index of stable assets (e.g., USDC)
* Trader profit and loss (PnL)
* 75% of the generated fees from:
  * Opening and closing trades
  * Mint and redeem USDZ
* Reserving Fees
* Funding Fees


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