Solomon USDv (USDV) is a crypto-backed US dollar stablecoin. It has about $7.4M in circulation, ranking #144 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
USDV price
$0.9985
On peg Circulating supply
$7.4M
30-day change
+391.5%
Price
$0.9985
Blockchains
1
Tracked since
Apr 2025
What is USDV?
Solomon USDv (USDV) is a crypto-backed US dollar stablecoin. It has about $7.4M in circulation, ranking #144 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: Whitelisted users can mint and redeem USDv through Solomon. Each USDv is fully backed 1:1 by short-dated U.S. Treasuries and cash reserves.
USDV supply history
$7.7M$0
Oct 8, 2025Oct 8, 2026
$7.7M$0
Apr 28, 2025Oct 8, 2026
USDV supply grew 391.5% over the past 30 days, to $7.4M. It is at or near its all-time high.
Is USDV holding its peg?
Last price
$0.9985
Target
1.0000 USD
Status
On pegUSDV is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where USDV lives: supply by blockchain
Supply is concentrated: Solana holds 100% of all USDV. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How USDV is backed
USDV 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: Whitelisted users mint USDv by depositing assets that are delta-hedged into market-neutral positions, and redeem USDv by burning it to unlock the underlying collateral through the Solomon protocol.
Reserve reports and audits: docs.solomonlabs.org
USDV 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 $7.4M 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.
USDV vs USDT and USDC
Similar crypto-backed stablecoins
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USDV in the news
USDV FAQ
What is USDV?
Solomon USDv (USDV) is a crypto-backed US dollar stablecoin. It has about $7.4M in circulation, ranking #144 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is USDV pegged 1:1 to the US dollar?
USDV targets 1 USD. At the last update it traded at $0.9985, a deviation of -0.15%, which we classify as "on peg".
What backs USDV?
USDV is a crypto-backed stablecoin. USDV 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 USDV on?
USDV is live on 1 blockchain. The largest by supply are Solana ($7.4M).
How much USDV is in circulation?
About $7.4M of USDV was in circulation at the last update, +391.5% over 30 days. That makes it the #144 stablecoin by supply among those we track.
Is USDV safe?
No stablecoin is risk-free. As a crypto-backed design, USDV'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.