USD Balance
Stablecoin Profile
USD Balance (USDB) is an algorithmic stablecoin — its USD peg is maintained by on-chain protocol mechanics rather than off-chain reserves. $147.5K is currently in circulation across 1 blockchain networks. The mechanism adjusts supply (mint and burn) in response to market price deviations from the target peg.
About USD Balance (USDB)
USDB is an algorithmic stablecoin that powers the FantOHM OHM fork.
Using the USD Balance app, $1 worth of FHM can be burned to mint 1 USDB.
Recent supply activity
USD Balance (USDB) supply was unchanged in the last 24 hours, was unchanged over the past week, and was unchanged over the past 30 days.
Steady issuance: supply has held roughly flat (0.00% over 30 days), consistent with mature stablecoin liquidity dynamics.
Supply History
Network distribution
USD Balance circulates across 1 blockchain network. Fantom hosts the largest share at 100.00%. Cross-chain distribution has remained broadly stable over the past 30 days.
| Chain | Supply | Share | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Fantom | $147.5K | 100.00% | 0.00% | 0.00% |
Peg stability history
USD Balance (USDB) relies on protocol-level supply rebalancing rather than direct asset redemption to defend its 1.00 USD peg. The spot price is currently $0.9999 (-0.010% deviation). Algorithmic designs carry materially higher peg-failure risk than reserve-backed stablecoins — the May 2022 Terra/UST collapse remains the canonical reference case.
How algorithmic stablecoins defend their peg
Algorithmic stablecoins attempt to balance supply and demand through protocol-level mint/burn incentives — typically against a paired governance or seigniorage token. When the price drops below $1.00, the protocol burns supply (often by letting holders swap into a discounted asset); when it rises above $1.00, the protocol mints new tokens. This design only holds when the paired asset retains independent demand. If the market loses faith in the paired asset, the feedback loop reverses and produces a hyperinflationary "death spiral" — the failure mode that wiped out roughly $60B in the Terra/UST collapse.
Practical implications for holders
- Peg-failure tail risk is materially higher than reserve-backed designs. Position sizing should reflect this — algorithmic stablecoins are not a "cash equivalent" for risk-management purposes.
- Read the latest collateralisation ratio carefully: many "algorithmic" stablecoins have since migrated to partial or full collateralisation. The label can lag the actual mechanism.
- Reflexive feedback loops mean small redemption pressure can cascade. Exit liquidity should be assessed during normal conditions, not after stress begins.
- 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 (algorithmic) 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
USD Balance (USDB) 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 | 0x6fc9383486c163fa48becdec79d6058f984f62ca | 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 USD Balance to other algorithmic stablecoins
Below are the largest algorithmic stablecoins tracked on Mantapex alongside USD Balance (USDB). 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 |
|---|---|---|---|
| Frax (FRAX) | $212M | algorithmic | 22 |
| Bean (BEAN) | $33.4M | algorithmic | 1 |
| Neutrino USD (USDN) | $31.1M | algorithmic | 4 |
| SpiceUSD (USDS) | $18M | algorithmic | 4 |
| Mento Dollar (USDm) | $16M | algorithmic | 5 |
Across mechanism classes
If you're researching USDB 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
USD Balance (USDB) is tracked across major crypto data providers. The links below open USD Balance (USDB)'s pages on 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 USD Balance news
Latest reporting from major crypto news outlets covering USD Balance.
- Cointelegraph
Paystand launches Bitcoin-based stablecoin USDb for enterprise payments
The US dollar-backed token will roll out across Paystand's network, which the company says has processed more than $20 billion in business payments.
- Bitcoin Magazine
Paystand Launches USDb Stablecoin on Bitcoin Layers for $100T B2B Payments
Paystand, the Bitcoin-powered B2B payments network processing over $20B in volume, today launched USDb, a 1:1 USD-backed stablecoin native to Blockstream's Liquid and Rootstock…
- Altcoin Buzz
USDB Brings Dollar-Backed Stablecoin Natively to Bitcoin
Unlike earlier Bitcoin-based stablecoins that use BTC as collateral, USDB will be backed by U.S. Treasury bills. It will be issued on Spark, a Bitcoin layer-2 network.
- Decrypt
Bitcoin Gets Native, Dollar-Backed Stablecoin in USDB
Flashnet and Brale are gearing up to launch the Bitcoin-native, dollar-backed USDB stablecoin this summer in collaboration with Magic Eden.
- TheNewsCrypto
Braza Group Launches USDB Stablecoin on XRPL
Braza Group launches USDB stablecoin pegged to the U.S. dollar, aiming to simplify global digital transactions. USDB is fully backed and audited, built on the XRP Ledger for…
- Crypto news
XRP eyes breakout as EURØ and USDB stablecoins launch on XRP Ledger
XRP is trading at $2.45, gaining 2% over the past 24 hours as momentum builds around the arrival of two fully backed stablecoins on the XRP Ledger.
- Cryptonews
XRP Ledger Welcomes First MiCA-Compliant EURØP and Brazil's USDB Stablecoins
XRP Ledger has welcomed two stablecoins: EURØP, a MiCA-compliant euro token backed by European banks, and USDB, a dollar coin tied to Brazilian and US bonds. The launches…
- CryptoSlate
XRP Ledger sharpens competitive edge with fresh stablecoin additions of EURØP, USDB, and XSGD
The XRP Ledger (XRPL) added three stablecoins, EURØP, USDB, and XSGD, to its ecosystem this week. According to the announcements, each of the tokens is backed by fiat currencies…
Related stablecoins
Stablecoins comparable to USD Balance by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Other algorithmic 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.