Universal USD (USDU) is a fiat-backed US dollar stablecoin. It has about $30.8M in circulation, ranking #93 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is USDU?
Universal USD (USDU) is a fiat-backed US dollar stablecoin. It has about $30.8M in circulation, ranking #93 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: Universal USD (USDU) is a fiat-referenced token pegged 1:1 to the US Dollar, issued by Universal Digital Intl Limited, a financial entity based in Abu Dhabi Global Market. It is designed to provide a compliant, institutional-grade USD-denominated settlement layer for digital assets and virtual asset derivatives within regulated financial frameworks.
USDU supply history
USDU supply grew 0.4% over the past 30 days, to $30.8M. It is at or near its all-time high.
Is USDU holding its peg?
There is no live market price for USDU. 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 USDU lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all USDU. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How USDU is backed
Each USDU is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: USDU is minted when professional and institutional clients deposit US dollars with the issuer, and it can be redeemed 1:1 against liquid USD reserves held in safeguarded accounts with regulated commercial banks, with monthly independent reserve attestations.
USDU risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $30.8M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
USDU vs USDT and USDC
Similar fiat-backed stablecoins
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USDU FAQ
What is USDU?
Universal USD (USDU) is a fiat-backed US dollar stablecoin. It has about $30.8M in circulation, ranking #93 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What backs USDU?
USDU is a fiat-backed stablecoin. Each USDU is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is USDU on?
USDU is live on 1 blockchain. The largest by supply are Ethereum ($30.8M).
How much USDU is in circulation?
About $30.8M of USDU was in circulation at the last update, +0.4% over 30 days. That makes it the #93 stablecoin by supply among those we track.
Is USDU safe?
No stablecoin is risk-free. As a fiat-backed design, USDU's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. 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.