Liquity USD

Liquity USD (LUSD) is a crypto-collateralised stablecoin: users mint LUSD by locking other crypto assets as over-collateral, with $30.9M currently in circulation across 10 blockchain networks. The USD peg is maintained through liquidation auctions when collateral value falls below required thresholds. Price feed sourced via defillama.

Liquity is a decentralized borrowing protocol that allows you to draw interest-free loans against Ether used as collateral. Loans are paid out in LUSD (a USD pegged stablecoin).

Liquity USD (LUSD) is issued by Liquity Protocol, operating under Decentralised, fully on-chain, immutable contracts. Originally launched in 2021.

Issuer information is compiled from public disclosures, NYDFS / BMA regulatory filings, and primary-source attestation reports. Always verify directly with the issuer before making decisions.

Liquity USD (LUSD) supply expanded by $2.2K (+0.01%) in the last 24 hours, contracted by $244.2K (-0.78%) over the past week, and contracted by $383.6K (-1.23%) over the past 30 days.

Mild contraction: redemptions have slightly outpaced minting, with supply down 1.23% in the past month.

Liquity USD circulates across 9 blockchain networks. Ethereum hosts the largest share at 98.70%, followed by OP Mainnet at 0.73%. Arbitrum has shown the strongest 30-day growth at +7.63%, suggesting fresh issuance or bridge inflows on that chain.

As a crypto-collateralised stablecoin, Liquity USD (LUSD) maintains its 1.00 USD target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $1.0129 (+1.291%); short-term excursions of this magnitude are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.

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.

Liquity USD (LUSD) 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.

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.

Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside Liquity USD (LUSD). 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.

Liquity USD (LUSD) is tracked across major crypto data providers. The links below open Liquity USD (LUSD)'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.