
United Stables
U#53U is a US dollar stablecoin issued by a British Virgin Islands company, backed mainly by other stablecoins and yield products.
- Market cap
- $1.5B
- Volume 24h
- $84.54M
- All-time high
- $1.01
- −0.85% from ATH
- Circulating supply
- 1.48B
Does not clear all 8 Shariah criteria. Needs caution: interest (riba), nature of the asset, excessive uncertainty (gharar), and usage. Fails: business model.
- 3 pass
- 4 caution
- 1 fail
Verdict history
- DoubtfulCurrent
First publication
Fundamentals, market picture and news will appear here.
About United Stables
U is a US dollar stablecoin issued by a British Virgin Islands company, backed mainly by other stablecoins and yield products.
U is a digital token designed to stay worth one US dollar. It is issued by United Stables Limited, a company in the British Virgin Islands, and launched on BNB Chain and Ethereum on 18 December 2025. It also runs on Tron and Robinhood Chain. U passed 1 billion tokens in March 2026, and on 27 September 2026 about 1.48 billion existed.
Unlike most dollar stablecoins, U accepts other stablecoins such as USDC, USDT and USD1 as reserves, next to cash. The monthly report for 31 July 2026 showed US$1.109 billion of reserves for 1.103 billion tokens. About 45% was other stablecoins, 27% was RWUSD (a Binance yield product), 18% a tokenised US Treasury bill fund, 5% a money market fund and 5% bank cash. About 65% of all reserves sat at one exchange, Binance.
Only approved institutions can create and redeem U directly with the issuer, after business checks. Everyone else buys it on exchanges such as Binance, Bitget, KuCoin and MEXC, or in DeFi apps such as PancakeSwap. The token pays holders nothing by itself, and its white paper says holders have no right to interest or to the reserves. The issuer does promote partner programmes that pay returns on U, such as Binance Earn and DeFi lending markets.
The issuer says U is not licensed under EU, Hong Kong or US stablecoin rules and blocks residents of those places. The contract can be upgraded, and the issuer can pause transfers and freeze tokens. A Chainlink Proof of Reserve feed publishes reserve data on BNB Chain.
Sources · 7
- United Stables Launches $U as a Native Stablecoin on BNB Chain (BNB Chain Blog)
- United Stables (U): The Stablecoin Liquidity Layer
- United Stables ($U) White Paper
- United Stables Limited: Independent Assurance Report on the Reserves Report, 31 July 2026
- What's On in the $U Ecosystem (United Stables)
- Chainlink Data: U Proof of Reserve feed (BNB Chain)
- CoinGecko: United Stables (U)
AI-assisted analysis checked against sources. Not a fatwa or investment advice.
Key facts
- Launched
- Dec 18, 2025
- Whitepaper
- u.tech/resources/white-paper
- Issuer
- United Stables Limited (BVI)
What it is used for
- Trading pairs and settlement on Binance and other exchanges
- Moving US dollars on BNB Chain, Ethereum and Tron
- Collateral and liquidity in DeFi apps such as PancakeSwap and Lista
- Programmable payments for apps and AI agents (EIP-3009, x402)
- Institutional settlement between exchanges and market makers
Market data
- Market cap
- $1.5BRank #53
- Fully diluted value
- —
- Volume 24h
- $84.54M5.65% of market cap
- Total supply
- 1.48B UIssued so far
- All-time high
- $1.01Feb 5, 2026 · −0.85%
- All-time low
- $0.9682Dec 20, 2025
- Circulating supply
- 1.48B U
- Max supply
- —No fixed cap
Where it trades
2 exchanges from our coverage · no referral links
BinanceCentralized · U/USDTVolume 24h$39.96MReliability6.7Halal productShariah-compliant earn
MEXCCentralized · U/USDTVolume 24h$113.6KReliability4.7Halal productNo halal product
No exchanges match this filter
Listings as of Sep 18, 2026
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