US Permissionless Dollar
Stablecoin-Profil
US Permissionless Dollar (USPD) ist ein krypto-besicherter Stablecoin: Nutzer prägen USPD, indem sie andere Krypto-Assets überbesichert hinterlegen. Aktuell sind 98,9 Mio. $ im Umlauf, verteilt auf 6 Blockchain-Netzwerke. Die USD-Bindung wird über Liquidations-Auktionen gehalten, wenn der Kollateralwert unter den geforderten Schwellenwert fällt. Preisfeed bezogen über defillama.
Über US Permissionless Dollar (USPD)
USPD is a permissionless over-collateralized stablecoin backed by staked ETH with built-in yield pass-through to holders and autonomous peg maintenance via a stabilizer architecture
Mint or Burn with a guaranteed 1:1 ETH/USD dollar price (USPD Dollar Peg) via https://uspd.io/mint-burn-uspd
Jüngste Angebotsaktivität
US Permissionless Dollar (USPD) supply expanded by 98,5 Mio. $ (+20499.77%) in the last 24 hours, expanded by 98,6 Mio. $ (+27559.94%) over the past week, and expanded by 98,6 Mio. $ (+30766.83%) over the past 30 days.
Expansion phase: minting activity has outpaced redemptions, with circulating supply growing 30766.83% over the past month.
Supply-Verlauf
Network distribution
US Permissionless Dollar circulates across 2 blockchain networks. Ethereum hosts the largest share at 100.00%, followed by Base at 0.00%. Ethereum has shown the strongest 30-day growth at +30767.79%, suggesting fresh issuance or bridge inflows on that chain.
| Kette | Angebot | Anteil | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Ethereum | 98,9 Mio. $ | 100.00% | +20500.20% | +30767.79% |
| Base | 10 $ | 0.00% | 0.00% | 0.00% |
Verlauf der Peg-Stabilität
As a crypto-collateralised stablecoin, US Permissionless Dollar (USPD) maintains its 1.00 USD target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $1.0000 (+0.000%); short-term excursions are normal in this range are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.
Wie crypto-collateralised-Stablecoins ihren Peg verteidigen
Crypto-collateralised stablecoins like this one over-collateralise positions — borrowers must lock more than $1.00 of crypto for each $1.00 of stablecoin minted. If collateral value falls below the required ratio, the position is automatically liquidated in an open Dutch auction. Arbitrageurs can always mint and redeem against the protocol's contracts, which keeps the secondary-market price tightly bounded around $1.00. The main residual risks are sudden crypto-collateral crashes that outpace the liquidation engine, and oracle failure.
Praktische Auswirkungen für Inhaber
- Collateral volatility is the dominant risk: a fast drawdown in the collateral asset can outpace liquidation auctions and leave the protocol under-collateralised.
- Oracle risk: the protocol relies on price feeds (typically Chainlink or a multi-oracle setup). Oracle manipulation or delay during volatile markets has historically caused peg excursions.
- Governance risk: parameter changes (collateral types, liquidation ratios, debt ceilings) are decided by token-holder votes. Sudden governance attacks remain a tail risk.
- On-chain transparency is a major advantage — collateral is verifiable 24/7 without trusting an attestor.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (crypto-collateralised) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Vertragsadressen
US Permissionless Dollar (USPD) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Kette | Vertragsadresse | Verifizieren |
|---|---|---|
| Ethereum | 0x476ef9ac6D8673E220d0E8BC0a810C2Dc6A2AA84 | Explorer |
Vertragsadressen stammen aus dem Stablecoin-Profil von DeFiLlama. Einige Ketten (Tron, Solana, Aptos, Sui) verwenden Nicht-EVM-Adressformate. Der „Explorer"-Link öffnet den offiziellen Blockexplorer für die jeweilige Kette; wir verlinken nicht auf Drittanbieter-Explorer, die geänderte Daten anzeigen könnten.
US Permissionless Dollar mit anderen crypto-collateralised-Stablecoins vergleichen
Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside US Permissionless Dollar (USPD). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Angebot | Mechanismus | Ketten |
|---|---|---|---|
| Sky Dollar (USDS) | 8,4 Mrd. $ | crypto-backed | 6 |
| Ethena USDe (USDe) | 5,9 Mrd. $ | crypto-backed | 23 |
| Dai (DAI) | 4,6 Mrd. $ | crypto-backed | 48 |
| Falcon USD (USDf) | 1,6 Mrd. $ | crypto-backed | 2 |
| USDD (USDD) | 1,1 Mrd. $ | crypto-backed | 4 |
Über Mechanismusklassen hinweg
If you're researching USPD as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.
Peg-Stabilität
Chain-Verteilung
Ressourcen & Datenquellen
US Permissionless Dollar (USPD) is tracked across major crypto data providers. The links below open US Permissionless Dollar (USPD)'s pages on CoinGecko and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Verwandte Stablecoins
Stablecoins comparable to US Permissionless Dollar by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Andere crypto-backed Stablecoins
An USD gebundene Stablecoins
Größte Stablecoins nach Angebot
Risikohinweis
Stablecoins tragen Risiken, einschließlich De-Pegging, regulatorischer Änderungen und Gegenparteirisiken. Diversifiziere immer und führe eigene Recherchen durch.