Only ~$390B of the ~$35T in stablecoins that moved onchain in 2025 was real-economy payments.
Most onchain dollars are working as liquidity.
USDf, our overcollateralized synthetic dollar, is built for that side: mint it against eligible collateral and keep exposure to what you hold.
Collateral → USDf → use.
What's the main job your onchain dollars do?
Most onchain dollars are working as liquidity.
USDf, our overcollateralized synthetic dollar, is built for that side: mint it against eligible collateral and keep exposure to what you hold.
Collateral → USDf → use.
What's the main job your onchain dollars do?
