Zether USD (USD.Z) Explained: Stablecoin Overview
David Wallace 26 October 2025 9

USD.Z Stablecoin Peg Calculator

Calculate the current dollar value of your USD.Z holdings based on its actual market price. The tool shows how far it has deviated from the promised 1:1 peg with the US dollar.

USD.Z
Current Market Price: $0.0383 per USD.Z (96.17% below $1.00 peg)
Your USD.Z Amount:
Current Value at $0.0383:
Peg Deviation:
Peg Deviation Percentage:

Note: This tool demonstrates the severe de-pegging of USD.Z. The token's actual market price is significantly below $1.00, making it highly unstable as a true stablecoin. Always verify the latest market data before making any decisions.

Quick Takeaways

  • Zether USD (USD.Z) claims a 1:1 US dollar peg but trades far below that value.
  • It runs on five EVM‑compatible chains - BSC, Polygon, Arbitrum, Base and Avalanche.
  • Liquidity is extremely thin; most DEX pairs show near‑zero volume.
  • Reserve transparency is missing - no audited attestations have been published.
  • Compared with USDT and USDC, USD.Z fails on stability, market cap and exchange coverage.

When you hear the name Zether USD (USD.Z) is described as a multi‑chain stablecoin that aims to keep a 1:1 peg with the US dollar. In theory it sounds useful: a digital dollar you can move across several blockchains without swapping. In practice, the token is heavily de‑pegged, barely liquid, and shrouded in anonymity. This article breaks down what USD.Z actually does, how it’s built, why it’s struggling, and whether you should even consider it.

What Is a Stablecoin and Why Does Peg Stability Matter?

A stablecoin is a crypto token whose value is tied to a real‑world asset - usually the US dollar. The whole point is to give traders the speed of crypto while avoiding the wild price swings of Bitcoin or Ethereum. Regulators, too, look for a stablecoin to stay within a narrow band (typically ±2% of the reference price). If a token can’t hold that band, it ceases to be a “stable” coin and becomes just another volatile asset.

Zether USD’s Technical Blueprint

USD.Z is an ERC‑20 compatible token deployed on five major EVM chains. The contract addresses are publicly listed - for example, on Binance Smart Chain the address starts with 0x8f85.... Each chain hosts a separate contract, but all contracts share the same total supply cap of $100 billion. The tokenomics are split as follows:

  • 70% allocated to liquidity pools
  • 15% reserved for development
  • 10% for marketing
  • 5% for community initiatives

The supply is supposedly backed by custodial reserve accounts. However, the project has never published a third‑party audit or even a basic attestation report. Without that proof, investors must take the peg claim on faith.

Chaotic DEX scene with USD.Z price plummeting and traders reacting.

Multi‑Chain Deployment: The Promise vs. Reality

USD.Z’s biggest selling point is its presence on five chains: Binance Smart Chain, Polygon, Arbitrum, Base and Avalanche. The idea is you can move dollars across ecosystems without converting to a different stablecoin each time.

In reality, the token’s liquidity on each chain is almost non‑existent. On PancakeSwap (BSC) the 24‑hour volume is reported as $0.00, and on Polygon’s QuickSwap the pair barely registers any trades. This means if you try to swap USD.Z for another asset, you’ll face massive slippage or outright failures.

How Does USD.Z Stack Up Against USDT and USDC?

Stablecoin Comparison (Oct 2025)
Metric Zether USD (USD.Z) USDT (Tether) USDC (Circle)
Market Cap $0 (negligible) $118.7 B $54.3 B
Current Price (Weighted Avg.) $0.0383 (‑96% off peg) $0.9998 (‑0.02% off peg) $1.0001 (±0.01% off peg)
Supported Chains 5 (BSC, Polygon, Arbitrum, Base, Avalanche) Multiple (Ethereum, Tron, Solana, etc.) 3 (Ethereum, Polygon, Solana)
24‑hr DEX Volume $0‑$10 (tiny) $1.2 B $800 M
Reserve Transparency No public attestations Monthly attestations (MoU with auditors) Quarterly audits (Grant Thornton)

The table makes it clear: USD.Z cannot compete on stability, liquidity, or trust. Its multi‑chain reach is technically broader, but that advantage disappears when you cannot actually trade the token.

Where Can You Actually Buy or Trade USD.Z?

As of October 2025, the token is listed on only two decentralized exchanges: PancakeSwap on BSC and a small DEX on Avalanche. Both show negligible depth. Major centralized platforms like Coinbase, Binance, and Kraken either do not list USD.Z or list it as “unavailable for trading.” Phemex’s UI even shows a “not available” notice when you search for the ticker.

Because of the lack of bridges, moving USD.Z from one chain to another requires manually swapping on each DEX, paying separate gas fees, and risking further price slippage. For an average retail user, that effort outweighs any theoretical benefit of a cross‑chain dollar.

Comparison of strong USDT/USDC heroes beside a fragile Zether USD figure.

Red Flags and Community Sentiment

Several warning signs have emerged:

  • No audited reserves: The project promises third‑party attestations but never names an auditor or publishes reports.
  • Severe de‑pegging: Prices as low as $0.0199 on PancakeSwap contrast with $1.10 on a smaller exchange, indicating market manipulation or token impersonation.
  • Anonymous team: No founders, no LinkedIn profiles, no clear roadmap - just vague “development updates.”
  • Negative social buzz: Reddit threads and X/Twitter sentiment are >85% negative, with recurring words like “scam” and “avoid.”
These factors line up with the SEC’s 2025 guidance that a token marketed as a stablecoin must maintain price stability within 2% of its reference. USD.Z is far outside that range.

Should You Keep an Eye on Zether USD?

If you’re a casual trader looking for a reliable dollar peg, the answer is a resounding no. The token’s market cap is negligible, liquidity is virtually zero, and there’s no transparency on reserves. Even sophisticated DeFi users who enjoy experimenting with cross‑chain tokens will find the effort outweighs any potential upside.

That said, a tiny niche of developers might still experiment with the smart‑contract code on testnets, simply because the ERC‑20 implementation is publicly available. For anyone else, stick with established stablecoins like USDT, USDC, or DAI.

Key Takeaways for Investors

  • Do not allocate capital to USD.Z for stability - it’s effectively a low‑value memecoin.
  • Watch out for “buy” offers on obscure DEXs; they are likely scams.
  • Use reputable stablecoins if you need a dollar‑denominated asset in DeFi.
  • Consider the broader market: the total stablecoin market is $173 B, and USD.Z represents less than 0.0001% of it.
  • Regulatory risk is high; the token could be classified as non‑compliant under SEC rules.

What is Zether USD (USD.Z) supposed to do?

USD.Z aims to be a 1:1 US‑dollar‑backed stablecoin that works on five different blockchains, letting users move a digital dollar across ecosystems without swapping.

Why is USD.Z trading far below $1?

The token lacks real liquidity and transparent reserve backing. Small DEX volumes cause huge price slippage, and without audits investors lose confidence, pushing the price down.

Is Zether USD safe to use for payments?

No. Because the price can swing wildly and you can’t easily convert it back to real dollars, using USD.Z for payments is risky. Stick to stablecoins with proven peg stability.

How does USD.Z compare to USDT and USDC?

USDT and USDC have billions in market cap, tight peg adherence, and regular audits. USD.Z has almost no market cap, severe de‑pegging, and no public audits, making it far less reliable.

Can I buy USD.Z on a major exchange?

No. It’s only listed on a couple of tiny DEXs. Major platforms like Coinbase, Binance, and Kraken do not offer trading for USD.Z.

Bottom line: Zether USD tries to be a cross‑chain dollar, but without liquidity, audits, or a stable price, it falls short of the basic definition of a stablecoin. Until the team provides real reserve proof and a solid liquidity plan, stay away.