Astherus (USDF) is a crypto-backed US dollar stablecoin. It has about $111M in circulation, ranking #48 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is USDF?
Astherus (USDF) is a crypto-backed US dollar stablecoin. It has about $111M in circulation, ranking #48 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: USDF is a token minted by depositing USDT on AstherusEarn. USDT and USDF are fully convertible at a 1:1 ratio.
USDF supply history
USDF supply fell 1.1% over the past 30 days, to $111M. Its peak was $371M in October 2025, and supply is 70% below that high.
Is USDF holding its peg?
USDF is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where USDF lives: supply by blockchain
Supply is concentrated: BSC holds 100% of all USDF. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How USDF is backed
USDF is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: Redemptionare temporarily unavailable during the ‘fundraising’ period. After the ‘fundraising’ period, users could redeem the USDF by clicking the button of “Redeem”. Then USDT tokens are claimable after three days after submitting the request for redemption.
USDF risks
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
USDF vs USDT and USDC
Similar crypto-backed stablecoins
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USDF FAQ
What is USDF?
Astherus (USDF) is a crypto-backed US dollar stablecoin. It has about $111M in circulation, ranking #48 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is USDF pegged 1:1 to the US dollar?
USDF targets 1 USD. At the last update it traded at $0.9976, a deviation of -0.24%, which we classify as "on peg".
What backs USDF?
USDF is a crypto-backed stablecoin. USDF is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is USDF on?
USDF is live on 1 blockchain. The largest by supply are BSC ($112M).
How much USDF is in circulation?
About $111M of USDF was in circulation at the last update, -1.1% over 30 days. That makes it the #48 stablecoin by supply among those we track.
Is USDF safe?
No stablecoin is risk-free. As a crypto-backed design, USDF's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.