StablR USD (USDR) is a fiat-backed US dollar stablecoin. It has about $6.7M in circulation, ranking #148 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is USDR?
StablR USD (USDR) is a fiat-backed US dollar stablecoin. It has about $6.7M in circulation, ranking #148 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: StablR USD (USDR) is a USD-pegged MiCAR compliant stablecoin designed to maintain a 1:1 value with the United States Dollar. USDR combines the reliability of fiat currency with the efficiency of blockchain. USDR is issued by StablR Ltd., an electronic money institution supervised by the MFSA.
USDR supply history
USDR supply was flat over the past 30 days. Its peak was $9.5M in September 2025, and supply is 29% below that high.
Is USDR holding its peg?
There is no live market price for USDR. 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 USDR lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all USDR. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How USDR is backed
Each USDR 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: StablR customers who have undergone a verification process can exchange USD for USDR and redeem USDR for USD.
USDR 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 $6.7M 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.
USDR vs USDT and USDC
Similar fiat-backed stablecoins
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USDR FAQ
What is USDR?
StablR USD (USDR) is a fiat-backed US dollar stablecoin. It has about $6.7M in circulation, ranking #148 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What backs USDR?
USDR is a fiat-backed stablecoin. Each USDR 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 USDR on?
USDR is live on 1 blockchain. The largest by supply are Ethereum ($6.7M).
How much USDR is in circulation?
About $6.7M of USDR was in circulation at the last update, 0.0% over 30 days. That makes it the #148 stablecoin by supply among those we track.
Is USDR safe?
No stablecoin is risk-free. As a fiat-backed design, USDR'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 "no market price" on our peg monitor. This page is information, not investment advice.