What is Wrapped USD?

Wrapped USD is a governance-free, immutable, multi-fiatcoin wrapper for the 6 USD fiatcoins — USDT, USDC, BUSD, USDP, TUSD, and GUSD. Key features of Wrapped USD:

• Robust. A multi-purpose wrapper, WUSD accepts the 6 USD fiatcoins — USDT, USDC, BUSD, USDP, TUSD, and GUSD
• Scalable. Is there a limit to compromising on decentralization for scalability where "decentralized stablecoin" turns into obvious fiatcoin wrapper? Taking this to its logical conclusion, WUSD just wraps fiatcoins
• Immutable. Where DAOs/multisigs in current fiatcoin wrappers are vulnerable to, and even embrace, capture (itself a property inherent to fiatcoins), WUSD — like WETH or LUSD — is immutable
• Incentivized. The GLOVE (GLO) token serves as the incentive token for WUSD where, like Liquity, usage and running a frontend is incentivized. GLO is also a test of a different take at utility tokens.