Convert between USDF and US dollars at the live rate.
$1.05
−4.62% from current
$0.798494
+24.98% from current
Independent editorial ranking. Score is 0–10 across six criteria: Security, Fees, UX, Features, Support, Reputation.
US and EU users who prioritise a spotless security record — no major hack since 2011 — and want a serious pro-grade trading terminal.
Institutions and funds requiring an SEC-registered venue with segregated qualified custody and audited on-chain reserves.
Active spot traders chasing the deepest global liquidity and the widest listing catalogue outside the US perimeter.
Traders who mix spot and on-chain — the Web3 wallet, DEX aggregator and Ethereum L2 X Layer sit inside the same account as CEX pairs.
Long-horizon EU holders who want the oldest continuously-operating exchange (2011) with conservative listings and full MiCA licensing.
Derivatives-first traders who want tighter perp funding and a maker-friendly fee schedule; accept offshore regulatory footprint.
Top coins in the same category, ordered by market cap.
Aster USDF (USDF) is a yield-bearing synthetic dollar issued by Astherus, a DeFi protocol on BNB Chain. It targets a 1:1 peg to the US dollar and pays holders a passive yield generated by a delta-neutral hedging strategy combined with returns from tokenized real-world assets (RWAs). Unlike a fiat-reserve stablecoin such as USDC, USDF is backed by a portfolio of crypto collateral, short perpetual positions, and short-duration Treasury exposure rather than by cash sitting in a bank.
Astherus markets USDF as the settlement and collateral asset for its broader perpetuals and yield ecosystem on BNB Chain. The token is minted by whitelisted market makers and routed back to retail users through staking and liquidity pools. It sits in the same broader category as Ethena’s USDe and a handful of other synthetic dollars built around the basis trade. For exchanges that list USDF and related Aster products, see our exchange ratings.
USDF trades on PancakeSwap and a handful of BNB Chain DEXs plus a smaller set of centralized venues that list synthetic dollars. The peg sits at $1, and the token is designed to mean-revert through arbitrage against the underlying basket. Live data on this page is aggregated from a multi-venue feed and refreshes every 60 seconds.
What can move USDF off peg, even briefly:
The numbers in the price card above are live. The analysis below uses the levels at page load.
USDF combines two stabilization mechanisms. The first is the delta-neutral basis trade familiar from Ethena: a long crypto position is paired with an equal short on a perpetual futures venue, so price moves on the underlying cancel out. The second is an RWA sleeve made up of tokenized US Treasuries and short-duration cash equivalents, which contributes a baseline yield that does not depend on funding rates.
A simplified mint flow looks like this:
On the way out, the process reverses: USDF is burned, the short is closed, the RWA sleeve is unwound proportionally, and the underlying collateral is returned. Because the RWA portion sits in cash-like assets, redemptions can be served even when funding is briefly negative, which is the main structural difference between USDF and a pure basis-trade stablecoin.
USDF holders earn a blended APY. There is usually a staked or wrapped version that accrues value over time, plus liquidity-mining incentives in pools across BNB Chain. The headline rate moves with the same forces that drive sUSDe yield, just with a Treasury-backed floor underneath.
The three yield streams are:
In a strong bull market, funding is the dominant component and APY can run well into double digits. In risk-off windows, funding flips negative, the RWA leg carries the protocol, and yield drops toward the Treasury rate. Anyone allocating into USDF should treat the displayed APY as a moving target rather than a fixed deposit rate.
USDF, USDe, and USDC all trade close to $1, but each one solves the stablecoin problem differently. The trade-offs matter for transparency, yield, and behavior in stress.
USDF is the youngest of the three and the only one designed primarily around BNB Chain. That focus is the reason it exists, and also the main thing that distinguishes its risk profile.
USDF is available through the Astherus app on BNB Chain and through several DEXs. Most users acquire it by swapping from another stablecoin or by minting directly on the platform.
Send a small test transaction first whenever moving large amounts. A misrouted transfer to the wrong network is rarely recoverable.
USDF’s risk profile is closer to a hybrid synthetic dollar than to a fiat-reserve stablecoin. The risks worth weighing before sizing a position:
For where USDF and the broader Aster ecosystem might trade through different parts of the cycle, see our Aster USDF price forecast.
This page is information, not financial advice. Synthetic stablecoins and yield-bearing dollars carry risks that are easy to underestimate. Talk to someone licensed before allocating real capital.
Analysis last updated:
Aster USDF (USDF) trades at $0.997925 with a 24-hour volume of $55.41K and a market capitalization of $111.04M. The asset is currently ranked #244 among all tracked cryptocurrencies.
In the last 24 hours, the USDF price has risen +0.04%. On a seven-day window, Aster USDF has climbed +0.01%, showing consistent upward momentum across both windows. Short-term moves are often amplified by liquidity, news flow, and derivatives positioning, so confirm signals across multiple indicators before acting.
Aster USDF's all-time high of $1.05 was set on October 10, 2025. The current price sits +4.62% below that peak. Distance from the all-time high is a common reference point when evaluating long recoveries and macro support or resistance.
Buying Aster USDF (USDF) is a five-step routine once you have picked the right venue and pair. The steps below mirror what most investors do today.
You can also use the Aster USDF converter above to estimate how much USDF you would get for a given dollar amount before placing the order.
Whether Aster USDF is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, USDF carries real market risk: prices can rise or fall sharply in a day, and past performance is not a reliable indicator of future returns.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.
