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PROGRAMMABLEMONEY

Six pieces of programmable money pulled apart layer by layer, and The Full Stack in the middle showing how they connect. Pick a world to open it.

ANATOMY OF ASTABLECOIN

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GENIUS8/8
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Theme
Real stablecoin · Anatomy of a Stablecoin

United Stables (U)

A dollar coin from an offshore company in the British Virgin Islands, mostly on BNB Chain. It says it has no license and blocks users in the US, the EU and Hong Kong.

Issuer
United Stables (BVI)
Launched
Dec 2025
Supply
≈ $1.6B
Route
Offshore, unlicensed
How it is issued
Own issuance, offshore
License
United Stables, British Virgin Islands. It says it holds no license under MiCA, Hong Kong rules or the GENIUS Act
Reserves
About 45% other stablecoins (USDC, USDT, USD1), 25% cash and money funds, 17% tokenized Treasury funds and 13% a Binance yield product (Sep 30, 2026)
Reports
Monthly limited assurance reports by Moore, plus a Chainlink proof of reserves feed
Networks
BNB Chain holds about two thirds; also Ethereum, TRON and Robinhood Chain
Yield
No
Access
Exchanges such as Binance; not offered in the US, EU or Hong Kong
GENIUS Act
Not a permitted issuer: an unlicensed offshore company that blocks US users.

Check the supply yourself

More stablecoins

XO ctUSD USDT USDC USDe DAI USD1 USDG PYUSD RLUSD USDD TUSD EURC SoFiUSD USDai CASH

Public information as of October 2026, simplified. Not legal or investment advice. Open the full stablecoins world.

Sources165Created by Andres Lamothe