Synthetic Dollar
Coins in the Synthetic Dollar category. 6 coins listed. Updated weekly.
Synthetic Dollar is a category of cryptocurrencies sharing common characteristics or use cases. Explore the listed coins and compare what they do and how they are categorized.
These groupings help you discover related projects; they are not endorsements. Category tags come from CoinGecko and may overlap. Sharing a category does not mean tokens have identical functions or confer the same rights.
USDe turned a derivatives trade into a circulating dollar token: spot backing sits with custodians while short futures seek to cancel its price movement. The design launched publicly in February 2024, but ordinary holders, approved redeemers, sUSDe savers and ENA voters occupy different legal and operational positions.
Falcon USD is a freely transferable synthetic dollar whose direct issuance and redemption run through Falcon Digital Limited, KYC, custodians and a seven-day cooldown. USDf, yield-bearing sUSDf and governance token FF confer different rights.
Solstice USX is a Solana settlement token backed through an entity-level collateral pool and a permissioned institutional gateway. Retail holders can transfer it, but they neither own reserves nor share the same direct redemption path as whitelisted partners.
USDai is the liquid token in USD.AI’s three-part system: PYUSD-backed in current documents, separate from the GPU-credit-bearing sUSDai vault and CHIP governance. Official pages announce KYC-only direct minting and redemption from April 6, yet the reviewed Arbitrum v1.6 code exposes PYUSD deposit and withdrawal without that whitelist or 10-bps redemption fee. sUSDai exits currently use 30-day FIFO epochs; QEV bidding remains a proposal.
Unity USD (UUSD) is an administratively minted, freezeable and upgradeable 18-decimal token active on BNB Chain. The project markets a dollar peg, but no reserve attestation or retail par-redemption terms were found in the reviewed materials.
Tori trUSD is an Ethereum synthetic dollar whose live reserves support an operational peg, while its terms leave repurchase discretionary and give holders no claim on reserve assets.