IssuerFiservFintech
Peg: US DollarFiat ReserveCeFi
Multi-partner payment infrastructure stablecoin involving Paxos, Circle, PayPal, and Mastercard.
💡 Targets bank payment infrastructure integration rather than DeFi.
ROUGHRIDER
Roughrider Coin
IssuerBank of North DakotaBank
Peg: US DollarFiat ReserveCeFiSolana
Wholesale stablecoin for bank-to-bank settlement. Backed by USD reserves and Treasury notes.
💡 First US state-chartered bank stablecoin.
IssuerTangent FinanceDeFi Protocol
Peg: US DollarCrypto CDPDeFi
Over-collateralized CDP stablecoin accepting DeFi collateral including Curve LPs and Pendle PTs.
💡 Novel collateral types vs. traditional CDPs like MakerDAO.
IssuerKlarnaFintech
Peg: US DollarFiat ReserveCeFiTempo L1
Issued via Stripe Bridge infrastructure. Initial use case: reducing Klarna's cross-border settlement costs.
💡 First major buy-now-pay-later provider entering stablecoins.
IssuerPolaris FinanceDeFi Protocol
Peg: US DollarCrypto CDPDeFiEthereum
Immutable crypto-collateralized CDP with no admin keys. Backed by pETH collateral.
💡 Immutability is the key differentiator — no governance attack surface.
IssuerPolaris FinanceDeFi Protocol
Peg: GoldCrypto CDPDeFiEthereum
Synthetic gold exposure without physical backing. Minted via pETH collateral.
💡 Part of the Polaris Finance ecosystem alongside pUSD.
USDPT
US Dollar Payment Token
IssuerWestern Union / Anchorage DigitalBank
Peg: US DollarFiat ReserveCeFiSolana
RWA-backed stablecoin issued by Anchorage Digital Bank with Western Union distribution across 200+ countries.
💡 Largest remittance corridor play in stablecoin space.
IssuerQivalis (BNP Paribas, ING, UniCredit, BBVA consortium)Bank
Peg: EuroFiat ReserveCeFi
MiCA-compliant euro stablecoin backed by consortium of 12 major European banks.
💡 Largest institutional euro stablecoin consortium to date.
