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As of Nov 12, 2026, Phoenix USD (phUSD) has a market cap of $96,669 across 1 chain, most of it on Ethereum ($96,669).
Stablecoin information
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.
Category:crypto-backed
Minting and Redemption
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.
Audits:No
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.00% | +0.77% | +0.52% | 96,669.39 |
