Phoenix USD
phUSDCrypto-backed USD-pegged Rank #305
Price
—
Market Cap
$88.9K
Market Cap
$88.9K
Dominance
0.00%
of market
Price
—
% Off Peg
—
24h Supply
+0.22%
7d Supply
+1.64%
30d Supply
+10.17%
Networks
1
chains
Circulating Supply
Total phUSD across all chains
$88.9K
$27.1K
Apr 22, 2026
Sep 3, 2026
Chain Distribution
Current supply by network
Ethereum
$88.9K 100.0%
About Phoenix USD
phUSD is a USD stablecoin on Ethereum backed 1:1 by a basket of yield-bearing stablecoin collateral (DOLA and USDC) held in ERC4626 yield strategies. Deposits earn yield which is streamed to phUSD stakers via the Phlimbo yield farm.
Mint & redeem
phUSD is minted 1:1 by depositing supported stablecoins (DOLA, USDC) through PhusdStableMinter. The underlying stablecoins are routed into ERC4626 yield strategies (AutoDOLA, AutoUSDC). phUSD is not redeemable.
