Live · updated 10 minutes ago
USDai Price chart
Key stats
Performance
How the price moved over each period.
Supply
168.04M USDAI circulate. No maximum supply is set.
- Circulating
- 168.04M
- Total supply
- 168.04M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 1.52% of market cap. Normal turnover for its size.
$167.79M market cap, rank #204. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
16.1% below its all-time high of $1.19.
Largest recent swing: 0.03% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is USDai (USDAI)?
USDai is a dollar-denominated stablecoin built for AI infrastructure finance. The project, branded USD.AI, positions it as "the stablecoin for AI payments" and uses it as the base unit of a system that lends against GPU hardware. USDai itself does not accrue yield. Yield is earned through a separate staked token, sUSDai.
How USDai works
The project's documentation describes USDai as a synthetic dollar collateralized by PYUSD, the dollar stablecoin issued by Paxos for PayPal, which is in turn backed by US Treasuries and cash equivalents. The mint and redeem path is permissioned: KYC-verified institutions deposit PYUSD to mint USDai and burn USDai to withdraw PYUSD. Most holders therefore acquire USDai on the market or through integrated apps rather than minting directly.
- Base layer: USDai is the settlement and payment token of the protocol.
- sUSDai: Holders stake USDai to receive sUSDai, a vault share whose value reflects interest from GPU loans and Treasury bill yield on reserves, shown in the USDai to sUSDai exchange ratio. The project states no yield is guaranteed, and withdrawals run through a queue.
- GPU financing: The protocol finances GPU purchases through asset-backed loans, with loan-to-value capped at 80%. These loans are generally non-recourse, with limited recourse to the operator in cases of fraud.
USDAI supply and token design
USDai has no fixed cap. Supply expands when approved institutions mint against PYUSD and contracts when they redeem. The token uses LayerZero for cross-chain burn and mint transfers and is deployed on Arbitrum, which acts as the hub, as well as Ethereum, Base, Plasma and Solana. The EVM deployments share one address, 0x0A1a1A107E45b7Ced86833863f482BC5f4ed82EF. Always confirm this address before interacting, because stablecoin look-alikes are common.
Core contracts include a pause function that can halt deposits, withdrawals and cross-chain transfers. It is controlled by the USD.AI Foundation and intended for urgent cases only. A multisig currently runs the strategy operations, with governance planned.
Live circulating supply is shown in the market data on this page.
Official information is on usd.ai.
What to check before using USDAI
- Reserve dependency: USDai's peg relies on PYUSD and its issuer. A problem with PYUSD, its reserves or its redemption flow would pass through to USDai.
- Limited direct redemption: Minting and redeeming are restricted to KYC-verified institutions, so ordinary holders depend on market liquidity to exit at par.
- GPU loan risk in sUSDai: Defaults or falling collateral values affect the sUSDai exchange ratio, not just yield. Withdrawals are queued.
- Admin controls: A pause function and multisig-run operations mean the contracts are not fully permissionless.
- Jurisdiction: The project says its content is not directed at residents of the United States, the United Kingdom or other restricted jurisdictions. Check that you are eligible.
USDai project profile
- Launched
- May 15, 2025
- Open source
- No
Token contracts
- Arbitrum One:
0x0a1a1a…ed82ef - Ethereum:
0x0a1a1a…ed82ef - Plasma:
0x0a1a1a107e45b7ced86833… - Base:
0x0a1a1a…ed82ef
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
USDai market analysis
With a market capitalisation of $167.79 million, USDai (USDAI) is classed as a small-cap asset and ranks #204 of 1,339 cryptocurrencies with a reported market cap on CryptoWave, larger than about 84.8% of them. It accounts for roughly under 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $2.55 million of USDAI changed hands, equal to 1.52% of its market cap, which puts its trading volume ahead of about 70.0% of tracked assets. That is a quiet level of turnover, so large orders may meet limited depth. Its turnover ratio is higher than that of about 28% of tracked assets.
Price action: USDAI moved −0.02% in 24 hours and −0.03% over 7 days. It outperformed Bitcoin by 1.91 percentage points over 24 hours and by 3.58 points over 7 days. Against the median tracked coin (ahead by 2.14 points on the day and ahead by 6.06 points on the week), it has been a relative strength in recent sessions.
To overtake dogwifhat (WIF) just above it, USDai would need to grow its market cap by about 0.2%; it is 0.0% larger than Polygon (MATIC) just below. Its market cap is 0.01% of Bitcoin's.
Based on market data; not investment advice.
USDai FAQ
What is USDai?
USDai is a dollar stablecoin from the USD.AI protocol, collateralized by PYUSD and used as the base asset for financing AI hardware such as GPUs.
How do you earn yield with USDai?
USDai itself does not accrue yield. Holders stake it to receive sUSDai, whose value reflects interest from GPU loans and Treasury bill income, with no guaranteed return.
Who can mint and redeem USDai?
The documentation says KYC-verified institutions mint USDai by depositing PYUSD and redeem by burning it. Other users typically buy USDai on the market.
What chains is USDai on?
USDai is deployed on Arbitrum, Ethereum, Base, Plasma and Solana, with LayerZero handling cross-chain transfers.
Price history
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