Hyperbeat USD (beatUSD) is a fiat-backed US dollar stablecoin. It has about $1.2M in circulation, ranking #215 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is beatUSD?
Hyperbeat USD (beatUSD) is a fiat-backed US dollar stablecoin. It has about $1.2M in circulation, ranking #215 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: Hyperbeat USD (beatUSD) is a treasury-backed stablecoin issued on HyperEVM through Hyperbeat's Liquid banking accounts.
beatUSD supply history
beatUSD supply fell 40.3% over the past 30 days, to $1.2M. Its peak was $2.3M in August 2026, and supply is 49% below that high.
Is beatUSD holding its peg?
There is no live market price for beatUSD. 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 beatUSD lives: supply by blockchain
Supply is concentrated: Hyperliquid L1 holds 100% of all beatUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How beatUSD is backed
Each beatUSD 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: Every dollar deposited into a Hyperbeat Liquid banking account mints Hyperbeat USD, a treasury backed stablecoin.
beatUSD 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.
With $1.2M 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.
beatUSD vs USDT and USDC
Similar fiat-backed stablecoins
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beatUSD FAQ
What is beatUSD?
Hyperbeat USD (beatUSD) is a fiat-backed US dollar stablecoin. It has about $1.2M in circulation, ranking #215 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What backs beatUSD?
beatUSD is a fiat-backed stablecoin. Each beatUSD 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 beatUSD on?
beatUSD is live on 1 blockchain. The largest by supply are Hyperliquid L1 ($1.2M).
How much beatUSD is in circulation?
About $1.2M of beatUSD was in circulation at the last update, -40.3% over 30 days. That makes it the #215 stablecoin by supply among those we track.
Is beatUSD safe?
No stablecoin is risk-free. As a fiat-backed design, beatUSD'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. 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.