Synthetic Dollar Coins

Synthetic dollars are tokens that aim to track the value of the U.S. dollar without necessarily holding traditional cash reserves in the way conventional fiat-backed stablecoins do. Instead of relying solely on bank-held dollars, synthetic-dollar designs often use crypto collateral combined with financial strategies, such as hedging positions, to keep the token's value near one dollar. The goal is to offer dollar-like stability that is built and maintained on-chain. Because the mechanism differs from a simple cash-backed model, the risks differ too: these systems can depend on the performance of trading strategies, the reliability of collateral, market liquidity and the soundness of the underlying design, any of which can come under pressure in volatile conditions. When comparing synthetic dollars, readers should understand exactly how each one maintains its peg, what backs it, and how it has behaved during market stress. As with all stablecoins, a steady price is the objective rather than a guarantee, and the more novel or complex the stabilization method, the more important it is to understand the assumptions on which it relies.

The Synthetic Dollar category currently tracks 1 cryptocurrency in our database, with a combined market capitalization of $1.42B and $1.11M in reported trading volume over the past 24 hours. The largest Synthetic Dollar asset by market cap is Falcon USD (USDF), at $1.42B. Over the last 24 hours it has moved +0.03%.

In cryptocurrency markets, a category groups together tokens and coins that share a common trait — the underlying technology they use, the blockchain ecosystem they are built on, the problem they aim to solve, or the way they are issued. The Synthetic Dollar grouping shown here reflects the classification published by CoinGecko, a widely used independent market-data provider. The table above lists every Synthetic Dollar asset in our database, ordered by market capitalization — the current price multiplied by the circulating supply — alongside the live price, the 24-hour change, a seven-day trend line, and 24-hour trading volume, a useful proxy for liquidity and market interest.

Categories frequently overlap: a single coin can belong to several at once, so you will often find the same asset on multiple category pages, each offering a different lens on the market. Among the coins above, Synthetic Dollar most often appears alongside BNB Chain Ecosystem, Crypto-backed Stablecoin, Stablecoins — listed in full under related categories below.

All figures on this page are computed from stored public market data and refreshed regularly. They are provided for informational and educational purposes only and do not constitute financial advice, a recommendation, or a prediction. Cryptocurrency prices are highly volatile; always do your own research and consider your risk tolerance before making any investment decision.