USD-pegged · crypto-backed · #23 by USD value
Polymarket USD (pUSD) is a USD-pegged crypto-backed stablecoin. It currently ranks #23 among tracked stablecoins by circulating supply, and is deployed across 1 blockchain. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Polygon | 100.0% | $495.8M |
Polymarket USD (pUSD) is a USD-pegged stablecoin. Its peg mechanism is crypto-backed, and it currently ranks #23 among tracked stablecoins by circulating supply.
pUSD has a circulating supply of $495.8M (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
pUSD is backed by crypto-backed. This means holders' claims are collateralized in that form, with reserves reported by the issuer.
pUSD is deployed across 1 blockchain, with Polygon holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
pUSD shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; pUSD ranks #23.
| Full Name | Polymarket USD |
| Symbol | pUSD |
| Peg | USD |
| Peg Mechanism | crypto-backed |
| Backing | crypto-backed |
| Chains Deployed | 1 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |