TOR is a crypto-backed US dollar stablecoin. It has about $17.1M in circulation, ranking #111 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is TOR?
TOR is a crypto-backed US dollar stablecoin. It has about $17.1M in circulation, ranking #111 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: TOR is a fully collateralized stablecoin built on the Fantom Opera Chain.
TOR supply history
TOR supply was flat over the past 30 days. It is at or near its all-time high.
Is TOR holding its peg?
There is no live market price for TOR. 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 TOR lives: supply by blockchain
Supply is concentrated: Fantom holds 100% of all TOR. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How TOR is backed
TOR 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: Using the Hector Finance app, users swap DAI to mint TOR 1:1. TOR can be redeemed for DAI 1:1 at any time.
TOR 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 $17.1M 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.
TOR vs USDT and USDC
Similar crypto-backed stablecoins
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TOR FAQ
What is TOR?
TOR is a crypto-backed US dollar stablecoin. It has about $17.1M in circulation, ranking #111 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What backs TOR?
TOR is a crypto-backed stablecoin. TOR 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 TOR on?
TOR is live on 1 blockchain. The largest by supply are Fantom ($17.1M).
How much TOR is in circulation?
About $17.1M of TOR was in circulation at the last update, 0.0% over 30 days. That makes it the #111 stablecoin by supply among those we track.
Is TOR safe?
No stablecoin is risk-free. As a crypto-backed design, TOR'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 "no market price" on our peg monitor. This page is information, not investment advice.
