Protocol Information
USD8 is a stablecoin backed 1:1 by USDC. Holding USD8 earns an insurance score used to claim free cover against losses on selected DeFi tokens, paid from Cover Pools.
Audits:
Methodology
TVL: TVL is the USDC reserve backing USD8 (held by the Treasury or deployed to its reserve strategies, read from Treasury.getReserveBalance) plus the assets deposited in USD8 Cover Pools (totalAssets of each pool listed by the Registry), excluding any USD8 Cover Pool since that USD8 is already backed by the reserve. Reserve USDC supplied to Morpho through a strategy is also counted in Morpho TVL.View code on GitHubCompetitors
USD8 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Oct 21, 2026 to Oct 21, 2026.
All-time high TVL: $25,825 on Oct 21, 2026. All-time low TVL: $25,825 on Oct 21, 2026.
Daily TVL, Oct 21, 2026 to Oct 21, 2026
| Date | TVL |
|---|---|
| Oct 21, 2026 | $25,825 |
TVL at each month end, Oct 2026 to Oct 2026
| Date | TVL |
|---|---|
| Oct 21, 2026 (latest) | $25,825 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/usd8
Frequently asked questions
What is USD8's TVL?
As of Oct 21, 2026, USD8 has $25,826 in total value locked.
What chains does USD8 operate on?
USD8 operates on Ethereum. Ethereum holds the largest share at 100%.
How does USD8's TVL compare to similar protocols?
Among Insurance protocols tracked by DefiLlama, USD8 ranks #17 by TVL. The category holds $181.24m across 33 protocols, and USD8 accounts for <0.1% of that total. Similar protocols include Nexus Mutual, Easedefi.org, Unslashed, Ensuro, Cozy Earn, iTrust Finance, Ante Finance, Cover Protocol, Sherlock, and InsurAce.