USP is a crypto-backed US dollar stablecoin. It has about $5.0M in circulation, ranking #155 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
USP price
$1.1461
Above peg Circulating supply
$5.0M
30-day change
-6.4%
Price
$1.1461
Blockchains
1
Tracked since
Dec 2025
What is USP?
USP is a crypto-backed US dollar stablecoin. It has about $5.0M in circulation, ranking #155 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: The USP token is classified as a yield-optimized stablecoin that uniquely combines the stability of a traditional stablecoin with the growth potential of yield-generating assets. Governed by PikuDAO.
USP supply history
$17.1M$0
Dec 26, 2025Oct 8, 2026
$17.1M$0
Dec 26, 2025Oct 8, 2026
USP supply fell 6.4% over the past 30 days, to $5.0M. Its peak was $16.6M in June 2026, and supply is 70% below that high.
Is USP holding its peg?
Last price
$1.1461
Target
1.0000 USD
Status
Above pegUSP is trading more than 2% above its target. That can happen when supply is scarce or redemptions are paused, or because the token accrues value. Check the issuer's documentation.
Where USP lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all USP. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How USP is backed
USP 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: Verified users can mint USP by depositing supported assets (initially USD-denominated stablecoins), with instant execution and a 0% minting fee at launch. When redeeming, USP is burned and returned as USD stablecoins via a T0 + queue process, with redemptions processed within 24 hours. A 0.2% redemption fee is added back to USP reserves to support long-term stability..
USP risks
Collateral and liquidations
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Smart contracts and oracles
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Small and thinly traded
With $5.0M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
USP vs USDT and USDC
Similar crypto-backed stablecoins
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USP in the news
SEC targets WhatsApp crypto scams totaling at least $15.3 million
Binance shifts ZIL network support, ends UAH services
Animoca suspends Currenc merger over “corporate agility”
USP FAQ
What is USP?
USP is a crypto-backed US dollar stablecoin. It has about $5.0M in circulation, ranking #155 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is USP pegged 1:1 to the US dollar?
USP targets 1 USD. At the last update it traded at $1.1461, a deviation of +14.61%, which we classify as "above peg".
What backs USP?
USP is a crypto-backed stablecoin. USP 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 USP on?
USP is live on 1 blockchain. The largest by supply are Ethereum ($4.4M).
How much USP is in circulation?
About $5.0M of USP was in circulation at the last update, -6.4% over 30 days. That makes it the #155 stablecoin by supply among those we track.
Is USP safe?
No stablecoin is risk-free. As a crypto-backed design, USP'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 "above peg" on our peg monitor. This page is information, not investment advice.