Avant USD (avUSD) is a fiat-backed US dollar stablecoin. It has about $125M in circulation, ranking #47 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is avUSD?
Avant USD (avUSD) is a fiat-backed US dollar stablecoin. It has about $125M in circulation, ranking #47 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: Avant’s flagship stable value token, minted when users deposit USDC. avUSD can be redeemed for USDC, but receives no yield.
avUSD supply history
avUSD supply fell 6.0% over the past 30 days, to $125M. Its peak was $136M in October 2025, and supply is 8% below that high.
Is avUSD holding its peg?
avUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where avUSD lives: supply by blockchain
Supply is concentrated: Avalanche holds 100% of all avUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How avUSD is backed
Each avUSD 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: Minted when users deposit USDC. avUSD can be redeemed for USDC.
avUSD 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.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
avUSD vs USDT and USDC
Similar fiat-backed stablecoins
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avUSD FAQ
What is avUSD?
Avant USD (avUSD) is a fiat-backed US dollar stablecoin. It has about $125M in circulation, ranking #47 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is avUSD pegged 1:1 to the US dollar?
avUSD targets 1 USD. At the last update it traded at $0.9970, a deviation of -0.30%, which we classify as "on peg".
What backs avUSD?
avUSD is a fiat-backed stablecoin. Each avUSD 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 avUSD on?
avUSD is live on 1 blockchain. The largest by supply are Avalanche ($125M).
How much avUSD is in circulation?
About $125M of avUSD was in circulation at the last update, -6.0% over 30 days. That makes it the #47 stablecoin by supply among those we track.
Is avUSD safe?
No stablecoin is risk-free. As a fiat-backed design, avUSD'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. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.