River Stablecoin (satUSD) is a crypto-backed US dollar stablecoin. It has about $136M in circulation, ranking #44 among the stablecoins CoinScoop tracks, and runs on 5 blockchains.
What is satUSD?
River Stablecoin (satUSD) is a crypto-backed US dollar stablecoin. It has about $136M in circulation, ranking #44 among the stablecoins CoinScoop tracks, and runs on 5 blockchains.
In the issuer's words: River is building the circulatory system for crypto, connecting liquidity, yield and contributions across chains. Powered by the omni-CDP stablecoin protocol, earn, leverage, and scale — all without selling your assets.
satUSD supply history
satUSD supply fell 14.1% over the past 30 days, to $136M. Its peak was $424M in October 2025, and supply is 68% below that high.
Is satUSD holding its peg?
satUSD is trading 0.5–2% from its target. Small coins often drift like this on thin markets. A gap that persists usually reflects redemption friction or doubts about the backing.
Where satUSD lives: supply by blockchain
satUSD is spread across several networks. The largest, BSC, holds 73% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How satUSD is backed
satUSD 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: River's Omni-CDP module allows users to access liquidity by depositing collateral, enabling them to borrow up to 90.91% of the collateral's value in satUSD.
Reserve reports and audits: github.com
satUSD 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.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
At the last update satUSD traded at $0.9949 against a target of 1.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
satUSD vs USDT and USDC
Similar crypto-backed stablecoins
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satUSD FAQ
What is satUSD?
River Stablecoin (satUSD) is a crypto-backed US dollar stablecoin. It has about $136M in circulation, ranking #44 among the stablecoins CoinScoop tracks, and runs on 5 blockchains.
Is satUSD pegged 1:1 to the US dollar?
satUSD targets 1 USD. At the last update it traded at $0.9949, a deviation of -0.51%, which we classify as "slightly off peg".
What backs satUSD?
satUSD is a crypto-backed stablecoin. satUSD 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 satUSD on?
satUSD is live on 5 blockchains. The largest by supply are BSC ($79.4M), BOB ($20.4M), Ethereum ($8.4M).
How much satUSD is in circulation?
About $136M of satUSD was in circulation at the last update, -14.1% over 30 days. That makes it the #44 stablecoin by supply among those we track.
Is satUSD safe?
No stablecoin is risk-free. As a crypto-backed design, satUSD'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. It currently shows "slightly off peg" on our peg monitor. This page is information, not investment advice.