Anzen USDz (USDz) is a fiat-backed US dollar stablecoin. It has about $7.2M in circulation, ranking #145 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
What is USDz?
Anzen USDz (USDz) is a fiat-backed US dollar stablecoin. It has about $7.2M in circulation, ranking #145 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
In the issuer's words: USDz is a stablecoin backed by a diversified portfolio of private credit assets, specifically over-collateralized asset-backed securities. These assets are rigorously underwritten in partnership with Percent, a US licensed broker-dealer that has structured and serviced over $1.7 billion in credit deals since 2018.
USDz supply history
USDz supply fell 6.7% over the past 30 days, to $7.2M. Its peak was $130M in March 2025, and supply is 94% below that high.
Is USDz holding its peg?
USDz is trading more than 2% below its target, so treat it as depegged. Check the issuer's announcements and redemption status before acting.
Where USDz lives: supply by blockchain
Supply is concentrated: Base holds 89% of all USDz. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How USDz is backed
Each USDz 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: Anzen enables users to deposit either SPCT as collateral to create USDz. The protocol deploys capital alongside institutional fiat investors, ensuring a robust and secure backing for USDz.
Reserve reports and audits: docs.anzen.finance
USDz 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 $7.2M 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.
At the last update USDz traded at $0.9546 against a target of 1.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
USDz vs USDT and USDC
Similar fiat-backed stablecoins
See all →
USDz FAQ
What is USDz?
Anzen USDz (USDz) is a fiat-backed US dollar stablecoin. It has about $7.2M in circulation, ranking #145 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
Is USDz pegged 1:1 to the US dollar?
USDz targets 1 USD. At the last update it traded at $0.9546, a deviation of -4.54%, which we classify as "depegged".
What backs USDz?
USDz is a fiat-backed stablecoin. Each USDz 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 USDz on?
USDz is live on 2 blockchains. The largest by supply are Base ($6.7M), Ethereum ($806K).
How much USDz is in circulation?
About $7.2M of USDz was in circulation at the last update, -6.7% over 30 days. That makes it the #145 stablecoin by supply among those we track.
Is USDz safe?
No stablecoin is risk-free. As a fiat-backed design, USDz'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 "depegged" on our peg monitor. This page is information, not investment advice.