USD-pegged · crypto-backed · #55 by USD value
US Permissionless Dollar (USPD) is a USD-pegged crypto-backed stablecoin, backed by overcollateralized eth. It currently ranks #55 among tracked stablecoins by circulating supply, and is deployed across 6 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 100.0% | $98.9M |
| Base | 0.0% | $10 |
US Permissionless Dollar (USPD) is a USD-pegged stablecoin backed by overcollateralized eth. Its peg mechanism is crypto-backed, and it currently ranks #55 among tracked stablecoins by circulating supply.
USPD has a circulating supply of $98.9M (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
USPD is backed by Overcollateralized ETH. This means holders' claims are collateralized in that form, with reserves reported by the issuer.
USPD is deployed across 6 blockchains, with Ethereum holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
USPD 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; USPD ranks #55.
| Full Name | US Permissionless Dollar |
| Symbol | USPD |
| Peg | USD |
| Peg Mechanism | crypto-backed |
| Backing | Overcollateralized ETH |
| Chains Deployed | 6 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |