# Constituent Criteria ### Criteria for Grouping Every constituent token in the Grouped USD Token basket must always have the same notional value and must be free from possible arbitrage. The criteria for USD constituent tokens are as follows: * Is redeemable at a 1:1 rate for the underlying: * Directly from the issuer's platform (e.g. Circle for USDC), * Without a percentage-based fee, * With delivery of U.S. dollars within T+3 days. * Fully backed with the collateral having the same underlying * Has a market cap of >$100m * Has an overall market liquidity of >$10m --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://guide.dem.exchange/trade/grouped-usd-token/constituent-criteria.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.