United Stables

The project is a stablecoin pegged to the US dollar (1:1), issued by United Stables Limited, registered in the British Virgin Islands. The launch took place on December 18, 2025, simultaneously on the BNB Smart Chain and Ethereum networks. The key idea is to create a unified settlement layer that consolidates liquidity from the fragmented stablecoin market, accepting not only fiat dollars but also verified stablecoins (USDT, USDC, USD1) as collateral. Reserve assets are held in segregated custodial accounts and are regularly attested. Minting and redemption are available only to accredited institutional participants ("Mint Users") who have completed the KYB procedure. Secondary holders do not have a direct redemption right - they must become a Mint User.

United Stables Limited (BVI) positions U as an infrastructure asset designed to reduce liquidity fragmentation between exchanges, DeFi protocols, payment systems, and institutional settlements. Unlike traditional monopolistic stablecoins, U's reserves may include several underlying stablecoins, which, according to the authors, accelerates initial adoption and allows leveraging existing USDT/USDC liquidity. However, this also introduces additional counterparty risk - a failure in any of the underlying stablecoins could affect U's collateral.

The project also emphasizes technological compatibility with the AI economy: it supports the EIP-3009 (gasless transactions) and x402 (delegated execution) standards, enabling autonomous AI agents to conduct microtransactions without human intervention.

Features of United Stables

Technical Information

U is deployed on multiple blockchains. The main contracts: on EVM networks (Ethereum and BNB Smart Chain) the same address is used: 0xcE24439F2D9C6a2289F741120FE202248B666666 (created, presumably, via CREATE2 deployment). On Tron, it is deployed at address TFNirp6PbqYE1ZTtWuCMUKJWLNZkoCoeFJ. The token standard is ERC-20 on Ethereum, BEP-20 on BNB Chain, and TRC-20 on Tron. The Ethereum network uses Proof-of-Stake consensus (Gasper, 12-second slots, epochs of 32 slots, probabilistic finalization over several epochs). BNB Smart Chain operates on Proof-of-Staked-Authority (PoSA) with a set of approximately 45 validators and sub-second block time after recent hard forks. Tron uses Delegated Proof-of-Stake (DPoS) with fast confirmation times. Future support for EIP-3009 for gasless permits and x402 for delegated payments is announced, which is particularly relevant for AI agents. On March 26, 2026, the protocol expanded to the TRON network.

• Contract addresses: BSC/ETH: 0xcE24439F2D9C6a2289F741120FE202248B666666; TRON: TFNirp6PbqYE1ZTtWuCMUKJWLNZkoCoeFJ.
• On May 15, 2026, United Stables assumed the role of a validator on the Aster Chain, deepening integration with its infrastructure.

Tokenomics

The issuance model is elastic, without a fixed maximum supply. Mint Users can mint and burn U in exchange for approved reserve assets (fiat USD, USDT, USDC, USD1, and possibly others). As of July 2026, the circulating supply is approximately 1.02 billion U, with a total issuance of about 1.07 billion. All issued tokens are fully backed by reserves (as of July 5, 2026, the compliance of 1,024,258,849.20 U with the total reserve amount was attested). There are no pre-mined allocations for the team, investors, or scheduled unlocks - the token enters circulation directly through collateral-backed issuance. There are no fees for passive holding or transfers (except network gas fees), however, Mint Users may be charged operational fees according to the contract terms.

Security of U

At the time of research, no independent smart contract audits from well-known firms (OpenZeppelin, Trail of Bits, Quantstamp, PeckShield, etc.) were found in public sources. The CertiK Skynet page indicates "Not Audited by CertiK" and "No 3rd Party Audit". Cyberscope shows a dashboard with the note "Security analysis not applicable for the current Contract Address". The issuer's website has a "Smart contract Audit Reports" and "Transparency" section, but downloadable files were not found (placeholders). Ceffu published an attestation letter dated December 29, 2025, confirming that as of December 28, 2025, the United Stables off-exchange custodial account held at least 409,900,018 USDT. This is an attestation of the custodial balance, not a full reserve audit. Monthly attestations and quarterly independent audits are claimed, however, DefiLlama notes "Date of Last Attestation: Not publicly disclosed". At the time of writing, no material hacks, temporary chain halts, or sustained de-pegging unique to U have been recorded. There is no bug bounty program.

Which exchanges list it

According to data, U is traded on centralized exchanges Binance (listing January 13, 2026, pairs U/USDT and U/USDC with zero fees in the initial period), Bitget (May 25, 2026, Stablecoin zone), KuCoin (campaign with a giveaway of 26,000 U in June 2026), HTX, MEXC, BingX, as well as on decentralized exchanges PancakeSwap, Aster, Four.meme, ListaDAO. On June 20, 2026, JustLend DAO integrated U into its lending market on Tron after the approval of Proposal #40. Additional liquidity is available on OSL Global, Venus Core Pool (as a collateral asset), and Bitway (staking pools with a base APR of 10% + bonuses).

CEX exchanges: Binance, Gate, LBank, MEXC, HTX, BTSE.

DEX exchanges: PancakeSwap (v2), PancakeSwap V3 (BSC), Uniswap V4 (Ethereum).

The all-time high was recorded at $1.008 on February 5, 2026, and the all-time low at $0.992 (date not specified in sources).

Listings on aggregators

The project's position in market capitalization rankings:

• CoinGecko rank: 63
• CoinMarketCap rank: 52
• Finkonkurs rank: 63

Investors and funds

In January 2026, United Stables raised $12 million in a round led by Justin Sun with a contribution of $8 million, also participated by TRON DAO and Spartan Group. No other rounds (ICO, IDO, IEO, SAFT) were conducted; the project launched directly without venture capital from major funds (a16z, Paradigm, Sequoia, Binance Labs, etc.).

Key partnerships and ecosystem

Partnerships cover several areas:

• Blockchain infrastructure: native launch on BNB Chain (December 18, 2025), support for Ethereum and TRON. United Stables became a validator on Aster Chain (May 15, 2026).
• Exchanges and trading: listing on Binance (January 13, 2026 with zero fees), Bitget, HTX, KuCoin, MEXC, BingX, OSL Global. On Venus (BNB Chain), U is used as a collateral asset in the Venus Core Pool. On Bitway, staking pools are available with a base APR of 10% and additional boosts.
• Payments and travel: Travala accepts U for payment for over 3 million travel products (announced January 21, 2026).
• DeFi and lending: integration with PancakeSwap (liquidity pools), Aster, Four.meme, ListaDAO, JustLend DAO (Tron).
• Institutional sector: partnership with AEON for payment infrastructure; use of U in corporate treasury operations.
• Wallets: support in Trust Wallet and SafePal.
• At the association level, BlackRock, Fidelity International, Franklin Templeton, Ondo Finance, and Securitize are mentioned, but without specific dated integrations.

Potential

The project's growth depends on three key factors. First, the breadth of integrations: presence on leading CEXs and DEXs, as well as in payment systems (Travala) and institutional solutions (AEON), creates a base for liquidity. Second, differentiation through a "stablecoin-inclusive" reserve and support for AI-agent transactions (EIP-3009, x402) could attract the segment of automated economies. Third, reserve transparency (monthly attestations and quarterly audits are claimed) - provided they are regularly published, this will increase trust. The absence of pre-sales and venture dilution also reduces inflationary pressure on holders. Success will be determined by the ability to maintain the dollar peg, expand real-world use in RWA and payments, and comply with tightening stablecoin regulations.

Risks [Identified by the Finkonkurs AI analytics system]

• Lack of independent smart contract audits: none of the leading audit firms have confirmed the security of U's contract code. CertiK and Cyberscope indicate the absence of formal checks.
• Concentration of control with the issuer: United Stables Limited (BVI) can unilaterally freeze addresses ("Blocked Addresses"), change the composition of reserves, and redemption terms. Secondary market holders have no direct rights to the reserves.
• Dependence on underlying stablecoins: reserves include USDT, USDC, USD1, creating a cascading risk - if one of these assets loses its peg or faces liquidity issues, U's collateral could be affected.
• Regulatory uncertainty: the issuer's website states that U is not registered under MiCA, the Hong Kong Stablecoin Ordinance, or US laws (including the GENIUS Act 2025). Access is prohibited from "Restricted Territories" (likely including the US). The absence of specific lawsuits or enforcement actions as of July 2026 does not guarantee their absence in the future.
• Market cap decline: on June 22, 2026, a 37.9% decrease in market capitalization was recorded, caused by large liquidity outflows and changing sentiment. Although the peg held, the episode demonstrates vulnerability to shocks.
• Competition: pressure from regulated stablecoins (e.g., USDU in the UAE) and dominant USDT/USDC limits growth potential. The "aggregator" model may prove less resilient than a direct fiat reserve.
• No bug bounty program: no bug bounty program is recorded on CertiK Skynet, reducing incentives for independent researchers.

Related individuals

Athena Y (Athena Yu)

CEO of the project. Previously held positions at Binance: VP institutional custody, deputy head Binance NFT, BD head for global fiat business, and was also a co-founder of the Blockchain Charity Foundation. In November 2023, she co-founded the project Wello, where she worked until December 2025. She delivered a keynote speech "A United Future" at the HKWeb3Festival on April 21, 2026, as well as at the BNB Institutional Capital & RWA Forum on April 20, 2026. In official announcements, she emphasizes the role of programmable money and compatibility with BNB Chain.

Eva Zhi

Head of BD. Previously worked at Binance Institutional, handling sales for VIP clients and institutional investors (including the Mandarin-speaking segment). Graduated from Moscow State University. Participated in the panel discussion "RWA x Privacy" at the BNB HK Super Meetup on April 19, 2026, alongside representatives from Ondo Finance and other projects. Responsible for business development, onboarding institutional partners, and compliance.

The team also includes Amber SONG and Luna D. (positions not disclosed). The issuing legal entity is United Stables Limited (British Virgin Islands). The custodial partner is Ceffu.

Contests, activities, and hackathons on our platform

• Join the 2026 Binance Wallet Football Trading Cup - U Trading Volume Campaign Season 3 and Win a Share of Up to 200,000 U Token Rewards (Jul 10, 2026)
• Join the 2026 Binance Wallet Football Trading Cup - U Trading Volume Campaign and Win a Share of 100,000 U Token Rewards (Jun 10, 2026)
• [Selected regions only] U Token Splash: Grab a share of the 45,000,000 U prize pool (Apr 18, 2026 – Apr 26, 2026)

WhitePaper

The official document is unavailable at the time of research. Link: not publicly available.