Liquity USD

$27M market cap

Issued by Liquity · reviewed 8 September 2026

Market cap: $27M -0.78% 7d
30-day trend
Volume / market cap: 0.1%
Peg drift, 30 days: 1.40%

Market data as of 8 September 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

Verification date not recorded. 3 tracked fields are not recorded.

LUSD is Liquity V1's decentralized US-dollar stablecoin, issued against ETH collateral under an immutable, interest-free borrowing model.

01

Instrument facts

9 of 12 tracked fields recorded

Symbol	LUSD
Peg	USD
Backing	Crypto backed
Status	Active
Launched	2021
Networks	L1 EVM Ethereum
Specifications	Backing Overcollateralized by ETH, with a minimum collateral ratio of 110%. Redemption Redeemable for ETH at face value at any time, subject to a redemption fee. KYC required No
Use cases	DeFi collateral, Trading
Mint and redeem	Minted by borrowing against ETH in a Trove; burned on repayment. Redeemable for ETH at face value.

02

Supply by chain

1 chains · $26M total

Chain	Supply
Ethereum	$26M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

6 chains

Chain	Address
Arbitrum One	`0x93b346b6bc2548da6a1e7d98e9a421b42541425b`
Base	`0x368181499736d0c0cc614dbb145e2ec1ac86b8c6`
Ethereum	`0x5f98805a4e8be255a32880fdec7f6728c6568ba0`
Optimistic Ethereum	`0xc40f949f8a4e094d1b49a23ea9241d289b7b2819`
Polygon PoS	`0x23001f892c0c82b79303edc9b9033cd190bb21c7`
zkSync	`0x503234f203fc7eb888eec8513210612a43cf6115`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site

04

Background

## Overview LUSD is the US-dollar stablecoin of Liquity V1. It is minted by locking ETH as collateral and borrowing against it, with no central issuer and no protocol governance. ## How It Works Borrowers open Troves, deposit ETH, and draw LUSD at a minimum collateral ratio of 110%, paying a one-time borrowing fee rather than ongoing interest. A Stability Pool absorbs liquidations. ## Reserve Backing LUSD is backed by ETH collateral held in the protocol's smart contracts, not by fiat reserves, so there is no fiat reserve attestation. ## Supported Networks LUSD is issued on Ethereum.

Compiled from issuer disclosures, on-chain data and market data. Liquity · Methodology