Mu Digital AZND (AZND) is a crypto-backed US dollar stablecoin. It has about $16.3M in circulation, ranking #114 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is AZND?
Mu Digital AZND (AZND) is a crypto-backed US dollar stablecoin. It has about $16.3M in circulation, ranking #114 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: AZND (the "Asian Dollar") is a synthetic dollar backed by Asia's best RWAs, designed for stability and steady yield.
AZND supply history
AZND supply was flat over the past 30 days. It is at or near its all-time high.
Is AZND holding its peg?
There is no live market price for AZND. It is not actively traded on any exchange or DEX we can see, which is common for bank-issued and permissioned stablecoins that are only minted and redeemed directly with the issuer.
Where AZND lives: supply by blockchain
Supply is concentrated: Monad holds 100% of all AZND. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How AZND is backed
AZND 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: Direct minting and redemption of AZND is available to approved counterparties that have cleared Mu Digital's KYC procedures.
Reserve reports and audits: github.com · hacken.io
AZND 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 $16.3M 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.
AZND vs USDT and USDC
Similar crypto-backed stablecoins
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AZND FAQ
What is AZND?
Mu Digital AZND (AZND) is a crypto-backed US dollar stablecoin. It has about $16.3M in circulation, ranking #114 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What backs AZND?
AZND is a crypto-backed stablecoin. AZND 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 AZND on?
AZND is live on 1 blockchain. The largest by supply are Monad ($16.3M).
How much AZND is in circulation?
About $16.3M of AZND was in circulation at the last update, 0.0% over 30 days. That makes it the #114 stablecoin by supply among those we track.
Is AZND safe?
No stablecoin is risk-free. As a crypto-backed design, AZND'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 "no market price" on our peg monitor. This page is information, not investment advice.