HomeCoin (HOME) is a crypto-backed US dollar stablecoin. It has about $6.1M in circulation, ranking #153 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is HOME?
HomeCoin (HOME) is a crypto-backed US dollar stablecoin. It has about $6.1M in circulation, ranking #153 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: A stablecoin backed by U.S. Homes.
HOME supply history
HOME supply was flat over the past 30 days. Its peak was $7.2M in May 2022, and supply is 16% below that high.
Is HOME holding its peg?
HOME is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where HOME lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all HOME. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How HOME is backed
HOME 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: Using the Bacon app, users swap USDC to mint HOME 1:1. HOME can be redeemed for USDC 1:1 at any time.
HOME 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 $6.1M 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.
HOME vs USDT and USDC
Similar crypto-backed stablecoins
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HOME FAQ
What is HOME?
HomeCoin (HOME) is a crypto-backed US dollar stablecoin. It has about $6.1M in circulation, ranking #153 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is HOME pegged 1:1 to the US dollar?
HOME targets 1 USD. At the last update it traded at $0.9991, a deviation of -0.09%, which we classify as "on peg".
What backs HOME?
HOME is a crypto-backed stablecoin. HOME 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 HOME on?
HOME is live on 1 blockchain. The largest by supply are Ethereum ($6.1M).
How much HOME is in circulation?
About $6.1M of HOME was in circulation at the last update, 0.0% over 30 days. That makes it the #153 stablecoin by supply among those we track.
Is HOME safe?
No stablecoin is risk-free. As a crypto-backed design, HOME'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.