BOB
Stablecoin Profile
BOB (BOB) is a crypto-collateralised stablecoin: users mint BOB by locking other crypto assets as over-collateral, with $21.5K currently in circulation across 5 blockchain networks. The USD peg is maintained through liquidation auctions when collateral value falls below required thresholds. Price feed sourced via defillama.
About BOB (BOB)
BOB is a multi-chain stable token (stablecoin) enhanced with optional privacy features. Once BOB is deposited in the zkBob app, pool participants can transfer any amount of BOB amongst themselves in a private, secure manner.
BOB minting is handled with a multi-sig Safe by a distributed reserve board.
Recent supply activity
BOB (BOB) supply contracted by $16.6 (-0.08%) in the last 24 hours, contracted by $3.3K (-13.31%) over the past week, and contracted by $3.7K (-14.59%) over the past 30 days.
Supply contraction: net redemptions have driven circulating supply down 14.59% in the past month, signaling capital rotation or deleveraging.
Supply History
Network distribution
BOB circulates across 5 blockchain networks. Polygon hosts the largest share at 53.92%, followed by Ethereum at 37.89%. Cross-chain distribution has remained broadly stable over the past 30 days.
| Chain | Supply | Share | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Polygon | $11.6K | 53.92% | -0.12% | -22.66% |
| Ethereum | $8.1K | 37.89% | -0.02% | -3.21% |
| Arbitrum | $1.7K | 8.10% | -0.06% | -0.32% |
| BSC | $14.4 | 0.07% | -0.26% | +7.26% |
| OP Mainnet | $3.6 | 0.02% | -0.44% | -28.73% |
Peg stability history
As a crypto-collateralised stablecoin, BOB (BOB) maintains its 1.00 USD target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $0.9998 (-0.016%); short-term excursions are normal in this range are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.
How crypto-collateralised stablecoins defend their peg
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.
Practical implications for holders
- 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.
Contract addresses
BOB (BOB) 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.
| Chain | Contract address | Verify |
|---|---|---|
| Ethereum | 0xb0b195aefa3650a6908f15cdac7d92f8a5791b0b | Explorer |
Contract addresses are sourced from DeFiLlama's stablecoin profile. Some chains (Tron, Solana, Aptos, Sui) use non-EVM address formats. The "Explorer" link opens the official block explorer for the given chain; we do not link out to third-party explorers that may show altered data.
Compare BOB to other crypto-collateralised stablecoins
Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside BOB (BOB). 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 | Supply | Mechanism | Chains |
|---|---|---|---|
| Sky Dollar (USDS) | $8.4B | crypto-backed | 6 |
| Ethena USDe (USDe) | $5.9B | crypto-backed | 23 |
| Dai (DAI) | $4.6B | crypto-backed | 48 |
| Falcon USD (USDf) | $1.6B | crypto-backed | 2 |
| USDD (USDD) | $1.1B | crypto-backed | 4 |
Across mechanism classes
If you're researching BOB 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 Stability
Chain Distribution
Resources & data sources
BOB (BOB) is tracked across major crypto data providers. The links below open BOB (BOB)'s pages on CoinGecko, CoinMarketCap 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.
Recent BOB news
Latest reporting from major crypto news outlets covering BOB.
- Invezz
Why the Build on Bitcoin (BOB) coin price soared by over 100% today?
The Build on Bitcoin (BOB) coin has experienced a remarkable surge in value, signalling one of its most significant price movements in recent months. At press time, BOB was…
- Bitcoin
BOB Skyrockets Over 120% After South Korea's Bithumb Exchange Listing
Hybrid layer-2 blockchain Build on Bitcoin (BOB) experiences dramatic price surge following major korean cryptocurrency exchange debut. Hybrid Layer Two (L2) blockchain Build on…
- Cryptopolitan
Build on Bob hits $25M in total funding after community token sale
Build on Bob announced a $4.2M raised from a public sale. BOB tokens are expecting their TGE soon, giving more decision-making and voting power in the hands of the community.
- CoinPedia
Solana Meme Coin Scam: Hackers Steal $530K from Sydney Sweeney and Bob Odenkirk's Twitter Accounts
Chainsleuth Zachxbt recently investigated the convicted UK hacker Gurv (Gurvinder Bhangu) and found that he was involved in the recent hack of X accounts of celebrities Sydney…
- Tokenpost
Elon Musk's Allegations Shake Cryptocurrency World in "Explain This Bob" Saga
In a surprising turn of events akin to a plot twist in a novel, the cryptocurrency world has been rocked by an incident involving Elon Musk and an artificial intelligence bot…
- CoinMarketCap
Memecoin BOB Tanks After Elon Musk Calls Twitter Bot Account a Scam
Memecoin BOB (BOB), which came into popularity following PEPE's explosive surge, experienced a price decline of up to 45% following the suspension of its popular automated Twitter…
- AMBCrypto
Analyzing BOB's future after run-in with Elon Musk
The suspended account is no doubt a setback for BOB's bullish prospects. The fact that an account promoting it has been suspected to be a scam introduces a level of controversy…
- Decrypt
‘Explain This Bob' AI Twitter Bot Suspended After Elon Musk Calls it ‘Scam Crypto Account'
The move marks an abrupt about-face for Musk, who had previously engaged with the bot's content on Twitter.
Related stablecoins
Stablecoins comparable to BOB by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Other crypto-backed stablecoins
Stablecoins pegged to USD
Risk Warning
Stablecoins carry risks including de-pegging, regulatory changes, and counterparty risk. Always diversify and do your own research.
