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.