Dollar on Chain (DOC) is a crypto-backed US dollar stablecoin. It has about $2.9M in circulation, ranking #176 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
DOC price
$0.9991
On peg Circulating supply
$2.9M
30-day change
+1.1%
Price
$0.9991
Blockchains
3
Tracked since
Jun 2022
What is DOC?
Dollar on Chain (DOC) is a crypto-backed US dollar stablecoin. It has about $2.9M in circulation, ranking #176 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
In the issuer's words: Dollar on Chain an over-collateralized USD-pegged stablecoin backed by rBTC on the RSK Blockchain.
DOC supply history
$5.0M$2.6M
Oct 8, 2025Oct 8, 2026
$5.8M$0
Jun 11, 2022Oct 8, 2026
DOC supply grew 1.1% over the past 30 days, to $2.9M. Its peak was $5.8M in August 2022, and supply is 51% below that high.
Is DOC holding its peg?
Last price
$0.9991
Target
1.0000 USD
Status
On pegDOC is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where DOC lives: supply by blockchain
Supply is concentrated: Rootstock holds 84% of all DOC. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How DOC is backed
DOC 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: Using the Money On Chain app, users mint DoC by depositing rBTC into a vault. When the loan is repaid to retrieve the collateral, the paid back DoC is burned.
DOC 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 $2.9M 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.
DOC vs USDT and USDC
Similar crypto-backed stablecoins
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DOC in the news
Coinbase Taxes and Form 1099-DA: What Coinbase Reports to the IRS
Stablecoin Yield: Live Rates and Where the Interest Comes From
Spalletta convicted as DOJ files USDC, USDT forfeiture cases
DOC FAQ
What is DOC?
Dollar on Chain (DOC) is a crypto-backed US dollar stablecoin. It has about $2.9M in circulation, ranking #176 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
Is DOC pegged 1:1 to the US dollar?
DOC 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 DOC?
DOC is a crypto-backed stablecoin. DOC 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 DOC on?
DOC is live on 3 blockchains. The largest by supply are Rootstock ($2.4M), Arbitrum ($444K), Ethereum ($346).
How much DOC is in circulation?
About $2.9M of DOC was in circulation at the last update, +1.1% over 30 days. That makes it the #176 stablecoin by supply among those we track.
Is DOC safe?
No stablecoin is risk-free. As a crypto-backed design, DOC'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.