The Fedz FUSD (FUSD) is a crypto-backed US dollar stablecoin. It has about $1.5M in circulation, ranking #192 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
FUSD price
$0.9552
Depegged Circulating supply
$1.5M
30-day change
0.0%
Price
$0.9552
Blockchains
1
Tracked since
Jul 2026
What is FUSD?
The Fedz FUSD (FUSD) is a crypto-backed US dollar stablecoin. It has about $1.5M in circulation, ranking #192 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: FUSD is an under-collateralized stablecoin issued by The Fedz on Arbitrum, using a fractional-reserve model with private liquidity pools to maintain a US Dollar peg while improving capital efficiency.
FUSD supply history
$1.7M$1.5M
Jul 11, 2026Oct 8, 2026
$1.7M$1.5M
Jul 11, 2026Oct 8, 2026
FUSD supply was flat over the past 30 days. Its peak was $1.6M in July 2026, and supply is 4% below that high.
Is FUSD holding its peg?
Last price
$0.9552
Target
1.0000 USD
Status
DepeggedFUSD is trading more than 2% below its target, so treat it as depegged. Check the issuer's announcements and redemption status before acting.
Where FUSD lives: supply by blockchain
Supply is concentrated: Arbitrum holds 100% of all FUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How FUSD is backed
FUSD 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: FUSD is minted against collateral in The Fedz protocol under a fractional-reserve model, with private liquidity pools (accessible to Fedz NFT holders) supporting its peg and redemptions.
FUSD 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 $1.5M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Currently off peg
At the last update FUSD traded at $0.9552 against a target of 1.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
FUSD vs USDT and USDC
Similar crypto-backed stablecoins
See all →
FUSD in the news
FUSD FAQ
What is FUSD?
The Fedz FUSD (FUSD) is a crypto-backed US dollar stablecoin. It has about $1.5M in circulation, ranking #192 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is FUSD pegged 1:1 to the US dollar?
FUSD targets 1 USD. At the last update it traded at $0.9552, a deviation of -4.48%, which we classify as "depegged".
What backs FUSD?
FUSD is a crypto-backed stablecoin. FUSD 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 FUSD on?
FUSD is live on 1 blockchain. The largest by supply are Arbitrum ($1.6M).
How much FUSD is in circulation?
About $1.5M of FUSD was in circulation at the last update, 0.0% over 30 days. That makes it the #192 stablecoin by supply among those we track.
Is FUSD safe?
No stablecoin is risk-free. As a crypto-backed design, FUSD'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 "depegged" on our peg monitor. This page is information, not investment advice.