Liquity BOLD (BOLD) is a crypto-backed US dollar stablecoin issued by Liquity (decentralised). It has about $37.6M in circulation, ranking #84 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
What is BOLD?
Liquity BOLD (BOLD) is a crypto-backed US dollar stablecoin issued by Liquity (decentralised). It has about $37.6M in circulation, ranking #84 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
BOLD is Liquity V2's stablecoin.
In the issuer's words: BOLD is the USD-pegged stablecoin issued in Liquity V2. It’s fully decentralized, overcollateralized and backed only by WETH, wstETH and rETH.
BOLD supply history
BOLD supply grew 10.0% over the past 30 days, to $37.6M. Its peak was $49.0M in October 2025, and supply is 23% below that high.
Is BOLD holding its peg?
BOLD is trading 0.5–2% from its target. Small coins often drift like this on thin markets. A gap that persists usually reflects redemption friction or doubts about the backing.
Where BOLD lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all BOLD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How BOLD is backed
BOLD is backed by over-collateralised ETH and liquid staking tokens.
Minting and redemption: BOLD is minted in Liquity V2 by borrowing against overcollateralized deposits of WETH, wstETH, or rETH, and it can always be redeemed directly for these underlying assets at a 1:1 USD value.
BOLD 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.
With $37.6M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
At the last update BOLD traded at $0.9945 against a target of 1.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
BOLD vs USDT and USDC
Similar crypto-backed stablecoins
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BOLD FAQ
What is BOLD?
Liquity BOLD (BOLD) is a crypto-backed US dollar stablecoin issued by Liquity (decentralised). It has about $37.6M in circulation, ranking #84 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
Is BOLD pegged 1:1 to the US dollar?
BOLD targets 1 USD. At the last update it traded at $0.9945, a deviation of -0.55%, which we classify as "slightly off peg".
What backs BOLD?
BOLD is a crypto-backed stablecoin. Over-collateralised ETH and liquid staking tokens.
Which blockchains is BOLD on?
BOLD is live on 4 blockchains. The largest by supply are Ethereum ($37.6M), OP Mainnet ($163K), Avalanche ($2K).
How much BOLD is in circulation?
About $37.6M of BOLD was in circulation at the last update, +10.0% over 30 days. That makes it the #84 stablecoin by supply among those we track.
Does BOLD pay interest?
No. BOLD does not pay yield to holders directly. Any interest earned on its reserves goes to the issuer. Some platforms offer rewards for holding it, but those are paid by the platform, not by BOLD.
Is BOLD safe?
No stablecoin is risk-free. As a crypto-backed design, BOLD'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. Its supply is small, so liquidity can be thin. It currently shows "slightly off peg" on our peg monitor. This page is information, not investment advice.