United Stables

United Stables is a stablecoin that trades under the symbol U and is intended to be pegged to the US dollar. DefiLlama data classify the asset among crypto-collateralized stablecoins and show it circulating on the BNB Chain, Ethereum, TRON and Robinhood Chain networks. Its label as a smart contract platform in our catalogue is a general placeholder; the actual function of the product is payments and value transfer.

For crypto-collateralized stablecoins, the dollar peg is maintained through the value of the assets held as collateral, collateral ratios and redemption mechanisms. When collateral assets fall sharply in value, keeping the peg depends on how these mechanisms work; the peg is therefore a design goal, not an assurance. Details on the structure of the issuer and the composition of the reserves are limited in public summaries.

The value shown for United Stables on Lzzo.com is calculated by converting the Binance U/USDT pair into dollars using the Coinbase Exchange USDT/USD observation; small deviations in USDT can therefore also be reflected in the value.