Palm USD (PUSD) is a fiat-backed US dollar stablecoin. It has about $3.5M in circulation, ranking #169 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
PUSD price
$0.9991
On peg Circulating supply
$3.5M
30-day change
0.0%
Price
$0.9991
Blockchains
4
Tracked since
Oct 2025
What is PUSD?
Palm USD (PUSD) is a fiat-backed US dollar stablecoin. It has about $3.5M in circulation, ranking #169 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
In the issuer's words: Palm tokens maintain a 1:1 peg with real-world currencies and are fully backed by cash and Shariah-compliant financial products. This structure provides traders, merchants, and funds with a secure, low-volatility means to exit market positions while adhering to sound finance principles.
PUSD supply history
$1.08B$0
Oct 18, 2025Oct 8, 2026
$1.08B$0
Oct 18, 2025Oct 8, 2026
PUSD supply was flat over the past 30 days. Its peak was $1.05B in December 2025, and supply is 100% below that high.
Is PUSD holding its peg?
Last price
$0.9991
Target
1.0000 USD
Status
On pegPUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where PUSD lives: supply by blockchain
Supply is concentrated: Solana holds 83% of all PUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How PUSD is backed
Each PUSD 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: Palm customers and other institutions who have undergone a verification process can exchange currency for PUSD and redeem PUSD for currency.
PUSD risks
Issuer and custody
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.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Small and thinly traded
With $3.5M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Bridged versions
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
PUSD vs USDT and USDC
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PUSD in the news
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PUSD FAQ
What is PUSD?
Palm USD (PUSD) is a fiat-backed US dollar stablecoin. It has about $3.5M in circulation, ranking #169 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
Is PUSD pegged 1:1 to the US dollar?
PUSD 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 PUSD?
PUSD is a fiat-backed stablecoin. Each PUSD 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 PUSD on?
PUSD is live on 4 blockchains. The largest by supply are Solana ($2.9M), Ethereum ($561K), BSC ($20K).
How much PUSD is in circulation?
About $3.5M of PUSD was in circulation at the last update, 0.0% over 30 days. That makes it the #169 stablecoin by supply among those we track.
Is PUSD safe?
No stablecoin is risk-free. As a fiat-backed design, PUSD'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 "on peg" on our peg monitor. This page is information, not investment advice.