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USDai

$265M market cap

Issued by USD.AI Foundation · reviewed 25 October 2026

Market cap: $265M +1.18% 7d
30-day trend
Volume / market cap: 1.3%
Peg drift, 30 days: 0.11%

Market data as of 25 October 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.

USDai is the non-yielding dollar token in the USD.AI protocol. The protocol's 2026 upgrade moved toward 1:1 PYUSD backing and restricted direct minting and redemption to approved KYC-whitelisted counterparties while leaving secondary-market transfers available.

01

Instrument facts

Symbol	USDAI
Peg	USD
Backing	Crypto backed
Status	Active
Launched	2025
Networks	L1 EVM Ethereum L2 Arbitrum
Specifications	Reserve reporting Real-time/onchain onchain proof of reserves Redemption Following the 2026 mint/redeem upgrade, direct protocol minting and redemption are restricted to KYC-whitelisted market makers and approved institutional depositors; other holders can obtain or exit USDai through secondary markets.
Use cases	DeFi collateral, Settlement

02

Supply by chain

1 chains · $264M total

Chain	Supply
Arbitrum	$264M

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

4 chains

Chain	Address
Arbitrum One	`0x0a1a1a107e45b7ced86833863f482bc5f4ed82ef`
Base	`0x0a1a1a107e45b7ced86833863f482bc5f4ed82ef`
Ethereum	`0x0a1a1a107e45b7ced86833863f482bc5f4ed82ef`
Plasma	`0x0a1a1a107e45b7ced86833863f482bc5f4ed82ef`

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

Official site · Whitepaper

04

Background

Overview

USDai is the non-yielding dollar token in the USD.AI protocol. The protocol's 2026 upgrade moved toward 1:1 PYUSD backing and restricted direct minting and redemption to approved KYC-whitelisted counterparties while leaving secondary-market transfers available.

Key Features

USDai itself is non-yielding; sUSDai is the separate yield-bearing product.
Current protocol materials describe USDai as fully backed 1:1 by stablecoin reserves, with the 2026 architecture transitioning direct backing to PYUSD.
Proof-of-reserves information is available onchain.

Supported Networks

Available on Ethereum, Arbitrum.

05

Recent activity

2025-09-26 Depeg USDAI depeg event
— Our coverage Stablecoin Market Recap: March 4–11, 2026 — Stablecoin Beat Weekly

06

Frequently asked questions

What is USDai?

USDai is the non-yielding dollar token in the USD.AI protocol. The protocol's 2026 upgrade moved toward 1:1 PYUSD backing and restricted direct minting and redemption to approved KYC-whitelisted counterparties while leaving secondary-market transfers available.

Which networks carry USDAI?

USDAI is recorded on 2 networks, including Ethereum, Arbitrum.

What is the market capitalization of USDAI?

USDAI has a market capitalization of $265M as of 25 October 2026.

07

Other US dollar stablecoins

Compiled from issuer disclosures, on-chain data and market data. USD.AI Foundation · Methodology