Saga Dollar (D) is a crypto-backed US dollar stablecoin. It has about $10.4M in circulation, ranking #129 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
D price
$0.9991
On peg Circulating supply
$10.4M
30-day change
0.0%
Price
$0.9991
Blockchains
1
Tracked since
Sep 2025
What is D?
Saga Dollar (D) is a crypto-backed US dollar stablecoin. It has about $10.4M in circulation, ranking #129 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: Saga Dollar (D) is a fully backed stablecoin by an onchain reserve of other stablecoins and yield-bearing assets on SagaEVM. The yields generated by D’s reserve are redirected to its borrowers on integrated Saga lending protocols, such as Palomino, to subsidize their interest expenses.
D supply history
$10.8M$0
Sep 26, 2025Jul 6, 2026
$10.8M$0
Sep 26, 2025Jul 6, 2026
D supply was flat over the past 30 days. It is at or near its all-time high.
Is D holding its peg?
Last price
$0.9991
Target
1.0000 USD
Status
On pegD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where D lives: supply by blockchain
Supply is concentrated: Saga holds 100% of all D. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How D is backed
D 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: Users can mint and redeem Saga Dollar (D) with other stablecoins and yield-bearing assets on Colt protocol.
D risks
Collateral and liquidations
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Smart contracts and oracles
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Small and thinly traded
With $10.4M 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.
D vs USDT and USDC
Similar crypto-backed stablecoins
See all →
D in the news
Scattered Spider Duo Sentenced to 5.5 Years Each in UK Court Over TfL Hack and $115M Ransom Scheme
D guides
- Coinbase Taxes and Form 1099-DA: What Coinbase Reports to the IRSCoinbase reports your crypto sales on Form 1099-DA and rewards over $600 on Form 1099-MISC. What each form shows, why cost basis may be missing, and how to report it.
- Form 1099-DA Explained: What Your Crypto Exchange Reports to the IRSForm 1099-DA is the IRS form US crypto brokers use to report your sales. For 2025 it shows proceeds only; from 2026 it adds cost basis for crypto bought on the same exchange.
- Stablecoin Yield: Live Rates and Where the Interest Comes FromLive APYs for the biggest stablecoin savings and lending products, where each rate comes from, and the risks behind yields above the Treasury-bill rate.
- USDT vs USDC: Differences, Reserves and Which to UseUSDT is the biggest and most-traded stablecoin; USDC is smaller but more transparent and more tightly regulated. Live data, reserves and risks compared.
D FAQ
What is D?
Saga Dollar (D) is a crypto-backed US dollar stablecoin. It has about $10.4M in circulation, ranking #129 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is D pegged 1:1 to the US dollar?
D 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 D?
D is a crypto-backed stablecoin. D 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 D on?
D is live on 1 blockchain. The largest by supply are Saga ($10.4M).
How much D is in circulation?
About $10.4M of D was in circulation at the last update, 0.0% over 30 days. That makes it the #129 stablecoin by supply among those we track.
Is D safe?
No stablecoin is risk-free. As a crypto-backed design, D'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 "on peg" on our peg monitor. This page is information, not investment advice.