Bitcoin USD (BtcUSD) is a crypto-backed US dollar stablecoin. It has about $5.2M in circulation, ranking #154 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is BtcUSD?
Bitcoin USD (BtcUSD) is a crypto-backed US dollar stablecoin. It has about $5.2M in circulation, ranking #154 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: BTCFi is a way for Bitcoin holders to earn passive income while maintaining their BTC positions. By using Bitcoin as a collateral to mint BtcUSD, users can utilize Bitcoin as a way to access DeFi and the opportunities offered by it.
BtcUSD supply history
BtcUSD supply grew 0.3% over the past 30 days, to $5.2M. Its peak was $11.7M in November 2025, and supply is 55% below that high.
Is BtcUSD holding its peg?
BtcUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where BtcUSD lives: supply by blockchain
Supply is concentrated: Bifrost Network holds 100% of all BtcUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How BtcUSD is backed
BtcUSD 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: Users are able to deposited WBTC or BTCBA and mint btcusd.
BtcUSD 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 $5.2M 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.
BtcUSD vs USDT and USDC
Similar crypto-backed stablecoins
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BtcUSD FAQ
What is BtcUSD?
Bitcoin USD (BtcUSD) is a crypto-backed US dollar stablecoin. It has about $5.2M in circulation, ranking #154 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is BtcUSD pegged 1:1 to the US dollar?
BtcUSD targets 1 USD. At the last update it traded at $0.9960, a deviation of -0.40%, which we classify as "on peg".
What backs BtcUSD?
BtcUSD is a crypto-backed stablecoin. BtcUSD 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 BtcUSD on?
BtcUSD is live on 1 blockchain. The largest by supply are Bifrost Network ($5.3M).
How much BtcUSD is in circulation?
About $5.2M of BtcUSD was in circulation at the last update, +0.3% over 30 days. That makes it the #154 stablecoin by supply among those we track.
Is BtcUSD safe?
No stablecoin is risk-free. As a crypto-backed design, BtcUSD'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.