RIF US Dollar (USDRIF) is a crypto-backed US dollar stablecoin. It has about $2.2M in circulation, ranking #181 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is USDRIF?
RIF US Dollar (USDRIF) is a crypto-backed US dollar stablecoin. It has about $2.2M in circulation, ranking #181 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: RIF US Dollar is a fully crypto collateralized stablecoin. 1:1 pegged to US Dollar guaranteed by the smart contract that creates it. USDRIF is built on Rootstock, the first and longest running Bitcoin sidechain.
USDRIF supply history
USDRIF supply fell 2.8% over the past 30 days, to $2.2M. Its peak was $2.4M in July 2026, and supply is 9% below that high.
Is USDRIF holding its peg?
USDRIF is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where USDRIF lives: supply by blockchain
Supply is concentrated: Rootstock holds 100% of all USDRIF. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How USDRIF is backed
USDRIF 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: The USDRIF stablecoins are minted through the RIF On Chain Protocol whenever there is a certain amount of RIFpro (RIFP) staked in the platform by other users who act as liquidity providers. Users can use the decentralised RIF on Chain dApp to exchange RIF tokens for USDRIF stablecoins and vice versa at any point providing there is a liquidity available in the protocol.
Reserve reports and audits: github.com
USDRIF risks
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
With $2.2M 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.
USDRIF vs USDT and USDC
Similar crypto-backed stablecoins
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USDRIF FAQ
What is USDRIF?
RIF US Dollar (USDRIF) is a crypto-backed US dollar stablecoin. It has about $2.2M in circulation, ranking #181 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is USDRIF pegged 1:1 to the US dollar?
USDRIF targets 1 USD. At the last update it traded at $0.9969, a deviation of -0.31%, which we classify as "on peg".
What backs USDRIF?
USDRIF is a crypto-backed stablecoin. USDRIF 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 USDRIF on?
USDRIF is live on 1 blockchain. The largest by supply are Rootstock ($2.2M).
How much USDRIF is in circulation?
About $2.2M of USDRIF was in circulation at the last update, -2.8% over 30 days. That makes it the #181 stablecoin by supply among those we track.
Is USDRIF safe?
No stablecoin is risk-free. As a crypto-backed design, USDRIF'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.