Zoth ZeUSD (ZeUSD) is a fiat-backed US dollar stablecoin. It has about $27.6M in circulation, ranking #96 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
What is ZeUSD?
Zoth ZeUSD (ZeUSD) is a fiat-backed US dollar stablecoin. It has about $27.6M in circulation, ranking #96 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
In the issuer's words: ZeUSD is a fully composable, omnichain, RWA-backed CDP stable token, issued on top of high-quality liquid off-chain or on-chain RWAs like US TBIlls, ETFs, MMFs, Reverse Repos etc.
ZeUSD supply history
ZeUSD supply was flat over the past 30 days. Its peak was $68.3M in March 2025, and supply is 60% below that high.
Is ZeUSD holding its peg?
ZeUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where ZeUSD lives: supply by blockchain
Supply is concentrated: Ethereum holds 92% of all ZeUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How ZeUSD is backed
Each ZeUSD 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: ZeUSD is created when users deposit eligible RWA as collateral to open a collateralized debt position.
Reserve reports and audits: docs.zoth.io
ZeUSD 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 $27.6M 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.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
ZeUSD vs USDT and USDC
Similar fiat-backed stablecoins
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ZeUSD FAQ
What is ZeUSD?
Zoth ZeUSD (ZeUSD) is a fiat-backed US dollar stablecoin. It has about $27.6M in circulation, ranking #96 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
Is ZeUSD pegged 1:1 to the US dollar?
ZeUSD targets 1 USD. At the last update it traded at $0.9991, a deviation of -0.09%, which we classify as "on peg".
What backs ZeUSD?
ZeUSD is a fiat-backed stablecoin. Each ZeUSD 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 ZeUSD on?
ZeUSD is live on 4 blockchains. The largest by supply are Ethereum ($25.4M), Manta ($2.0M), Metis ($227K).
How much ZeUSD is in circulation?
About $27.6M of ZeUSD was in circulation at the last update, 0.0% over 30 days. That makes it the #96 stablecoin by supply among those we track.
Is ZeUSD safe?
No stablecoin is risk-free. As a fiat-backed design, ZeUSD'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 "on peg" on our peg monitor. This page is information, not investment advice.