What is USDSL?

Overview

USDSL is the stablecoin used to back funds in Slash’s Global USD accounts. Stablecoins are digital assets designed to track the value of a currency, and USDSL is pegged 1:1 to the US dollar.

You don’t use USDSL directly. Instead, it operates behind the scenes to represent and support the funds held in your Global USD balance.

How USDSL Works

When you hold funds in a Global USD account, those funds are backed by USDSL on the Base blockchain. This means the underlying value of your balance is represented on-chain, even though your experience in Slash looks like a standard dollar balance.

You don’t need to manage tokens or interact with the blockchain. All activity happens through the Slash dashboard, and USDSL functions as the infrastructure that supports the account.

On-Chain Verification

Because USDSL exists on a public blockchain, the backing for Global USD balances can be verified independently.

To check this:

1. Find your wallet address in your account settings
2. Visit BaseScan
3. Search the USDSL contract: 0xcc7b940e22e1eef83c0170608aed6d5fd386cdad
4. Enter your wallet address to view the associated balance

Important Notes

• USDSL is not a separate, usable balance in your account
• It cannot be used to send or receive transactions
• It exists only to back funds held in Global USD

Need More Help?

For more information about Global USD, see related Help Center articles or contact support by emailing support@slash.com, or use the in-app chat in your Slash dashboard.