Hydrated Dollar (HOLLAR) is a crypto-backed US dollar stablecoin. It has about $13.6M in circulation, ranking #120 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is HOLLAR?
Hydrated Dollar (HOLLAR) is a crypto-backed US dollar stablecoin. It has about $13.6M in circulation, ranking #120 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: The decentralized digital dollar for trading, saving, and earning.
HOLLAR supply history
HOLLAR supply grew 7.2% over the past 30 days, to $13.6M. Its peak was $15.1M in January 2026, and supply is 10% below that high.
Is HOLLAR holding its peg?
HOLLAR is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where HOLLAR lives: supply by blockchain
Supply is concentrated: Hydration holds 100% of all HOLLAR. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How HOLLAR is backed
HOLLAR 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: HOLLAR is minted against crypto collateral deposited by users into the protocol, inheriting the same proven architecture as the Aave GHO protocol.
Reserve reports and audits: github.com
HOLLAR 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 $13.6M 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.
HOLLAR vs USDT and USDC
Similar crypto-backed stablecoins
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HOLLAR FAQ
What is HOLLAR?
Hydrated Dollar (HOLLAR) is a crypto-backed US dollar stablecoin. It has about $13.6M in circulation, ranking #120 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is HOLLAR pegged 1:1 to the US dollar?
HOLLAR targets 1 USD. At the last update it traded at $0.9968, a deviation of -0.32%, which we classify as "on peg".
What backs HOLLAR?
HOLLAR is a crypto-backed stablecoin. HOLLAR 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 HOLLAR on?
HOLLAR is live on 1 blockchain. The largest by supply are Hydration ($13.6M).
How much HOLLAR is in circulation?
About $13.6M of HOLLAR was in circulation at the last update, +7.2% over 30 days. That makes it the #120 stablecoin by supply among those we track.
Is HOLLAR safe?
No stablecoin is risk-free. As a crypto-backed design, HOLLAR'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.