BEAN is an algorithmic US dollar stablecoin. It has about $33.4M in circulation, ranking #92 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
BEAN price
—
No market price Circulating supply
$33.4M
30-day change
0.0%
Price
—
Blockchains
1
Tracked since
Sep 2021
What is BEAN?
BEAN is an algorithmic US dollar stablecoin. It has about $33.4M in circulation, ranking #92 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: Beanstalk is a permissionless fiat stablecoin protocol built on Ethereum.
BEAN supply history
$34.4M$32.1M
Oct 8, 2025Oct 8, 2026
$52.0M$30.2M
Sep 10, 2021Oct 8, 2026
BEAN supply was flat over the past 30 days. Its peak was $50.5M in October 2024, and supply is 34% below that high.
Is BEAN holding its peg?
Last price
—
Target
1.0000 USD
Status
No market priceThere is no live market price for BEAN. It is not actively traded on any exchange or DEX we can see, which is common for bank-issued and permissioned stablecoins that are only minted and redeemed directly with the issuer.
Where BEAN lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all BEAN. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How BEAN is backed
BEAN relies mainly on code and market incentives, rather than full reserves, to hold its peg. This design has historically been the most fragile.
Minting and redemption: Beanstalk uses the liquidity and time weighted average shortage or excess of Beans in the BEAN:3CRV pool to dynamically increase the Bean supply or burn it and issue debt in order to maintain its peg.
BEAN risks
Reflexive collapse
With little hard collateral, falling confidence can feed on itself, the pattern that destroyed TerraUSD in 2022.
Small and thinly traded
With $33.4M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
BEAN vs USDT and USDC
Similar algorithmic stablecoins
See all →
BEAN in the news
White House Teleprompter Operator Allegedly Made $100K+ Betting Trump Speeches on Kalshi, Triggering CFTC Probe
US Treasury Sanctions Iran-Linked Crypto Wallets as Tether Freezes $344M in USDT Amid Middle East Conflict
BEAN FAQ
What is BEAN?
BEAN is an algorithmic US dollar stablecoin. It has about $33.4M in circulation, ranking #92 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What backs BEAN?
BEAN is an algorithmic stablecoin. BEAN relies mainly on code and market incentives, rather than full reserves, to hold its peg. This design has historically been the most fragile.
Which blockchains is BEAN on?
BEAN is live on 1 blockchain. The largest by supply are Ethereum ($33.4M).
How much BEAN is in circulation?
About $33.4M of BEAN was in circulation at the last update, 0.0% over 30 days. That makes it the #92 stablecoin by supply among those we track.
Is BEAN safe?
No stablecoin is risk-free. As a algorithmic design, BEAN's main risks are a self-reinforcing loss of confidence (the "death spiral" that broke TerraUSD in 2022), thin or absent collateral, and smart-contract bugs. Its supply is small, so liquidity can be thin. It currently shows "no market price" on our peg monitor. This page is information, not investment advice.