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Deployments · platform by United Stables

United Stables U dollar stablecoinNew

A US dollar stablecoin ($U) issued by United Stables Limited, which DefiLlama records as a British Virgin Islands company. Launched in December 2025 on BNB Chain and Ethereum, it later added TRON and Robinhood Chain and is listed on exchanges such as Binance, Bitget, Gate, KuCoin and MEXC. Institutions mint and redeem after KYB against dollars or approved stablecoins, which make up the reserve. The issuer says it holds no MiCA, Hong Kong or US GENIUS Act licence and blocks minting and marketing in those markets. About $1.59 billion was in circulation in October 2026, two thirds of it on BNB Chain.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (scaled) since 18 Dec 2025[2][1] — Openly traded on major exchanges; over $1bn in circulation since March 2026 per the issuer. · Reviewed 17d ago

Assets
Stablecoin[2]
US dollar stablecoin backed by fiat and approved stablecoins
Networks
BNB Chain Public, permissionless[3][1]
Ethereum Public, permissionless[3][1]
TRON Public, permissionless[3][1]
Robinhood Chain Public, permissionless[3][1]
Use cases
Primary issuance[1]Secondary trading[2]Cross-border payments[2]
Jurisdictions
British Virgin Islands

Participants

Assets

Data feeds

  • Proof of reservesChainlink LabsProof of Reserve[2]The issuer says reserve data is verified in real time via a Chainlink oracle on its proof-of-reserves page; feed networks not named.

Metrics

  • ~$1.59bnTokens in circulation · as of 22 Oct 2026[1]
    On-chain via DefiLlama; sum of its per-chain balances.
  • ~$1.08bnTokens in circulation · as of 22 Oct 2026 · on BNB Chain[1]
    On-chain via DefiLlama.
  • ~$430.65mTokens in circulation · as of 22 Oct 2026 · on Ethereum[1]
    On-chain via DefiLlama.
  • ~$55mTokens in circulation · as of 22 Oct 2026 · on TRON[1]
    On-chain via DefiLlama.
  • ~$30mTokens in circulation · as of 22 Oct 2026 · on Robinhood Chain[1]
    On-chain via DefiLlama.
  • ~$1.61bnSupply on chain (daily) · as of 7 Nov 2026[7]
    Automated daily reading of on-chain supply across all chains.
  • ~$1.05bnSupply on chain (daily) · as of 7 Nov 2026 · on BNB Chain[7]
    Automated daily reading.
  • ~$479.15mSupply on chain (daily) · as of 7 Nov 2026 · on Ethereum[7]
    Automated daily reading.
  • ~$30mSupply on chain (daily) · as of 7 Nov 2026 · on Robinhood Chain[7]
    Automated daily reading.
  • ~$55mSupply on chain (daily) · as of 7 Nov 2026 · on TRON[7]
    Automated daily reading.

Timeline

  1. Happened Mar 2026 (month only) · Volume milestone · recorded 22 Oct 2026
    Circulation passes $1 billion, per the issuer.[2]
  2. Happened Jan 2026 (month only) · Participant joined · recorded 22 Oct 2026
    $U is listed on Binance and Gate.[2]
  3. Happened 18 Dec 2025 · Launch · recorded 22 Oct 2026
    United Stables launches $U natively on BNB Chain and Ethereum, with DEX and wallet integrations from day one.[2]

Sources

  1. [1]United Stables U stablecoin data (API) — DefiLlama, 22 Oct 2026. Accessed 22 Oct 2026. DefiLlama classes the peg mechanism as crypto-backed; series starts 9 Jan 2026..A
  2. [2]United Stables (U) | The Stablecoin Liquidity Layer — United Stables. Accessed 22 Oct 2026. Milestones (launch 18 Dec 2025; Binance and Gate listing Jan 2026; over 1bn in circulation Mar 2026; Bitget, MEXC May 2026; KuCoin and Aster perps Jun 2026); FAQ on reserves and minting; licensing disclaimer..B
  3. [3]Multichain | United Stables — United Stables. Accessed 22 Oct 2026.B
  4. [4]United Stables (U) - RWA Dashboard & Analytics - DefiLlama — DefiLlama. Accessed 22 Oct 2026. Registry information: United Stables Limited (British Virgin Islands)..C
  5. [5]Ceffu Selected by United Stables to Provide Custody and Off-Exchange Settlement — Ceffu, 25 Feb 2026. Accessed 28 Oct 2026.B
  6. [6]Cobo Partners with United Stables to Power $U Stablecoin Infrastructure and Payments — Cobo, 13 Jan 2026. Accessed 28 Oct 2026.B
  7. [7]Supply by chain, read daily — DefiLlama (automated daily refresh). Accessed 7 Nov 2026.A

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