United Stables (U) is a crypto-backed US dollar stablecoin. It has about $1.54B in circulation, ranking #15 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
What is U?
United Stables (U) is a crypto-backed US dollar stablecoin. It has about $1.54B in circulation, ranking #15 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
In the issuer's words: $U is a next-generation stablecoin backed by fully fluid assets, designed to unify fragmented liquidity across trading, payments, DeFi, institutional settlement, and AI-driven autonomous systems. It is the embodiment of a "fluid" future where value flows seamlessly between humans and AI.
U supply history
U supply grew 21.4% over the past 30 days, to $1.54B. It is at or near its all-time high.
Is U holding its peg?
U is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where U lives: supply by blockchain
U is spread across several networks. The largest, BSC, holds 70% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How U is backed
U 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: An eligible business can exchange USD and $USDT/USDC/USD1 for $U and redeem $U for USD and $USDT/USDC/USD1 through an United Stables Account.
U 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.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
U vs USDT and USDC
Similar crypto-backed stablecoins
See all →U in the news
U guides
- Coinbase Taxes and Form 1099-DA: What Coinbase Reports to the IRSCoinbase reports your crypto sales on Form 1099-DA and rewards over $600 on Form 1099-MISC. What each form shows, why cost basis may be missing, and how to report it.
- Form 1099-DA Explained: What Your Crypto Exchange Reports to the IRSForm 1099-DA is the IRS form US crypto brokers use to report your sales. For 2025 it shows proceeds only; from 2026 it adds cost basis for crypto bought on the same exchange.
- Stablecoin Yield: Live Rates and Where the Interest Comes FromLive APYs for the biggest stablecoin savings and lending products, where each rate comes from, and the risks behind yields above the Treasury-bill rate.
- USDT vs USDC: Differences, Reserves and Which to UseUSDT is the biggest and most-traded stablecoin; USDC is smaller but more transparent and more tightly regulated. Live data, reserves and risks compared.
U FAQ
What is U?
United Stables (U) is a crypto-backed US dollar stablecoin. It has about $1.54B in circulation, ranking #15 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
Is U pegged 1:1 to the US dollar?
U targets 1 USD. At the last update it traded at $0.9990, a deviation of -0.10%, which we classify as "on peg".
What backs U?
U is a crypto-backed stablecoin. U 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 U on?
U is live on 4 blockchains. The largest by supply are BSC ($1.08B), Ethereum ($382M), Tron ($55.0M).
How much U is in circulation?
About $1.54B of U was in circulation at the last update, +21.4% over 30 days. That makes it the #15 stablecoin by supply among those we track.
Is U safe?
No stablecoin is risk-free. As a crypto-backed design, U'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 "on peg" on our peg monitor. This page is information, not investment advice.
