USDai

USDai

USDAI #169
BBB 72% Stablecoin Watch

Project Safety Score: 72%

Updated 3 days, 8 hours ago
USDaiUSDAI
Market Cap$253807358
24hr Volume$166833
24hr Change0.0%
Price$0.999819
Coverage: 1 bucket · 100% resolved
Scoring rubric: Stablecoin - scored on peg stability (placeholder)
Peg Stability
72 BBB
100% · medium

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USDAI USDai Details
Type
Yield-Bearing Stablecoin
Launched
2025
HQ
San Francisco, USA
Team
Doxxed
Arbitrum EcosystemEthereum EcosystemBase EcosystemYield-Bearing StablecoinSynthetic DollarPlasma Ecosystem

USDai is a synthetic dollar that generates yield by utilizing loans secured against AI hardware and various DePIN assets. It aims to achieve an annual percentage rate of 15-25% and operates similarly to a high-yield bond index, which is linked to income-generating infrastructure equipment.

The project focuses on providing financial support for scalable AI hardware while enabling DePIN projects to potentially experience significant growth through debt. Mechanisms are in place to maintain USDai’s value in relation to its peg. The overall architecture connects the amortization of AI assets with the financing required for infrastructure development.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Peg Stability score 72 out of 100. The USDai stablecoin maintains a strong peg, consistently trading at $1.00 with no deviation. This reliability is crucial for a stablecoin, instilling confidence in its use as a medium of exchange and value storage. With a market capitalization of approximately $249 million, USDai is positioned within a reasonable market cap tier, which suggests a decent level of stability and potential user adoption.

Social Presence score 70 out of 100. USDai has official accounts on Telegram and Twitter, with verified status. However, exact follower counts are not available, which limits insights into the project's audience engagement and community size. A robust social presence can enhance trust and user interaction, contributing positively to the project's overall credibility.

Inherently, while USDai shows promise with a respectable stability score and verified social channels, potential investors should remain aware of the general risks associated with stablecoins, including market volatility, regulatory scrutiny, and reliance on underlying assets for peg maintenance.

  • David Choi - CEO
    Prior:
  • Conor Moore - COO
    Prior:
Framework Ventures · VC Dragonfly Capital · VC YZi Labs · VC Digital Currency Group (DCG) · VC Arbitrum · Foundation Delphi Digital · VC Fintech Collective · VC
  • KTL (Kais Tlili, Independent Security Researcher) 2026-03-27 pass
    The audit identified a single low-severity quorum calculation issue that was already fixed, indicating the USDai governance contracts are relatively secure with no critical or high-risk vulnerabilities found during the review period.
  • KTL (Kais Tlili, Independent Security Researcher) 2026-03-27 pass
    The audit found only one medium-severity issue that was promptly fixed, indicating the USDai ICO contracts had no critical or high-risk vulnerabilities at the time of review.
  • Quantstamp 2026-03-02 pass
    The audit revealed one medium-severity vulnerability that was fully fixed before deployment, indicating the protocol addressed the security issue promptly. The codebase appears relatively secure with no critical or high-risk findings remaining.
  • KTL (Kais Tlili, Independent Security Researcher) 2025-12-28 pass
    The audit revealed only minor informational issues with minimal impact, indicating the StakedUSDai LoanRouter integration is secure for deployment. All identified concerns were acknowledged by the protocol team.
(2025)
Quality: high
Max supply: 1,000,000,000
Team allocation: 10.0%
Next unlock: 2026-12-28
  • High Transparency: Regular audits and active bug bounty programs demonstrate a commitment to security and transparency.
  • Strong Backing: Supported by reputable venture capital firms and a prominent foundation.
  • Innovative Model: Bridges the gap between decentralized finance and AI infrastructure financing.
  • Experienced Team: Led by co-founders with backgrounds in the crypto and tech industries.
  • Loan Demand Crisis: $660M in deposits but less than $1M in active loans, leading to concerns about capital efficiency and yield sustainability.
  • Unprecedented Collateral Risk: Backed by rapidly depreciating GPU hardware, raising questions about the protocol's resilience under market stress.
  • Liquidity Constraints: 30-day unstaking period for sUSDai and unproven redemption mechanisms under stress conditions.
  • Regulatory Uncertainty: sUSDai may classify as a security under US law due to its yield-bearing nature.

Price Chart

Contract Security

base · 0x0a1a1a107e45b7ced86833863f482bc5f4ed82ef
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
arbitrum-one · 0x0a1a1a107e45b7ced86833863f482bc5f4ed82ef
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
ethereum · 0x0b2b2b2076d95dda7817e785989fe353fe955ef9
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Total Holders
5
Top 10 Hold
100.0%
Top 50: 100.0%
Top Holders
  • 0x740f757d4800c8a1c… 68.05%
  • 0x2244ba7fc96b1dfca… 27.01%
  • 0x581bef12967f06f2e… 3.56%
  • 0xaf6ad7be32ffff4a3… 1.25%
  • 0x0e1b2f18347496c7d… 0.13%
Source: ethplorer
Discussion
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71%
Profile Status
Data completeness
Some data missing
Medium confidence

Market Stats

All-Time High$1.19
All-Time Low$0.7698
Circulating253853392
Total Supply253853392

@USDai_Official

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