Web 3 Dollar (USD3) is a crypto-backed US dollar stablecoin. It has about $1.7M in circulation, ranking #189 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
USD3 price
$1.1133
Above peg Circulating supply
$1.7M
30-day change
-0.7%
Price
$1.1133
Blockchains
1
Tracked since
Apr 2024
What is USD3?
Web 3 Dollar (USD3) is a crypto-backed US dollar stablecoin. It has about $1.7M in circulation, ranking #189 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: Earn the DeFi rate any time you're in stables.
USD3 supply history
$34.2M$0
Oct 8, 2025Oct 8, 2026
$55.1M$0
Apr 9, 2024Oct 8, 2026
USD3 supply fell 0.7% over the past 30 days, to $1.7M. Its peak was $55.5M in September 2024, and supply is 97% below that high.
Is USD3 holding its peg?
Last price
$1.1133
Target
1.0000 USD
Status
Above pegUSD3 is trading more than 2% above its target. That can happen when supply is scarce or redemptions are paused, or because the token accrues value. Check the issuer's documentation.
Where USD3 lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all USD3. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How USD3 is backed
USD3 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: Minting requires a deposit of the defined collateral tokens in equal value amounts to the RToken smart contracts.
USD3 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 $1.7M 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.
USD3 vs USDT and USDC
Similar crypto-backed stablecoins
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USD3 in the news
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USD3 FAQ
What is USD3?
Web 3 Dollar (USD3) is a crypto-backed US dollar stablecoin. It has about $1.7M in circulation, ranking #189 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is USD3 pegged 1:1 to the US dollar?
USD3 targets 1 USD. At the last update it traded at $1.1133, a deviation of +11.33%, which we classify as "above peg".
What backs USD3?
USD3 is a crypto-backed stablecoin. USD3 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 USD3 on?
USD3 is live on 1 blockchain. The largest by supply are Ethereum ($1.5M).
How much USD3 is in circulation?
About $1.7M of USD3 was in circulation at the last update, -0.7% over 30 days. That makes it the #189 stablecoin by supply among those we track.
Is USD3 safe?
No stablecoin is risk-free. As a crypto-backed design, USD3'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 "above peg" on our peg monitor. This page is information, not investment advice.