indeed there is a chapter where USB is is speccd at 3V§
So, it is basically the same, which is expected to be fair.
but I'm really curious what will happen if the USB is active while povered at %V, will it blow up, will destroy the connected devices or will it work, and the mention is only for Vbus ?!?!
The device would be fine. It will use 5V for signalling. This will for sure violate USB spec and potentially damage host device.
This is the same thing as various V-USB implementations do. If you really want it, you can add 3.6 V zeners on USB data lines. It is still going to be crap as far as compliance goes, but would not be as damaging.
Although it should not cause real damage, since USB spec requires
A USB transceiver is required to withstand a continuous short circuit of D+ and/or D- to VBUS, GND, other data line, or the cable shield at the connector, for a minimum of 24 hours without degradation. It is recommended that transceivers be designed so as to withstand such short circuits indefinitely.
But the way this protection works does not guarantee that data transfer would work at 5V. It may have a long recovery time, for example.