USDR is a crypto-backed US dollar stablecoin. It has about $4.2M in circulation, ranking #163 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is USDR?
USDR is a crypto-backed US dollar stablecoin. It has about $4.2M in circulation, ranking #163 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: USDR is a U.S. Treasury bill-backed stablecoin built on the M^0 protocol and issued on RISE.
USDR supply history
USDR supply grew 0.1% over the past 30 days, to $4.2M. It is at or near its all-time high.
Is USDR holding its peg?
USDR is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where USDR lives: supply by blockchain
Supply is concentrated: RISE holds 100% of all USDR. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How USDR is backed
USDR 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: USDR is minted against M deposited into its JMIExtension contract and is backed 1:1 by the contract's M balance.
Reserve reports and audits: docs.m0.org
USDR 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 $4.2M 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.
USDR vs USDT and USDC
Similar crypto-backed stablecoins
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USDR FAQ
What is USDR?
USDR is a crypto-backed US dollar stablecoin. It has about $4.2M in circulation, ranking #163 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is USDR pegged 1:1 to the US dollar?
USDR targets 1 USD. At the last update it traded at $1.0029, a deviation of +0.29%, which we classify as "on peg".
What backs USDR?
USDR is a crypto-backed stablecoin. USDR 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 USDR on?
USDR is live on 1 blockchain. The largest by supply are RISE ($4.2M).
How much USDR is in circulation?
About $4.2M of USDR was in circulation at the last update, +0.1% over 30 days. That makes it the #163 stablecoin by supply among those we track.
Is USDR safe?
No stablecoin is risk-free. As a crypto-backed design, USDR'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.