Aster USDF

Aster USDF is a yield-bearing stablecoin issued by the Aster protocol, a decentralized perpetual trading exchange built on the BNB Chain. It is designed to hold a stable value close to one US dollar and is freely convertible with USDT at a one-to-one ratio. The intended audience is anyone who wants exposure to a dollar-denominated token that also generates a return through the protocol's own activities.

When a user deposits USDT to receive USDF, those underlying USDT funds are deployed by Aster into delta-neutral positions — hedged trading strategies intended to be indifferent to the direction of asset prices — and the returns from those positions flow back as yield to holders of asUSDF, the yield-accruing form of the token. USDF lives on the BNB Chain, and the stored data shows the entire circulating supply of roughly 111.7 million tokens is already issued, with no additional supply pending. Because the asset is a protocol-issued stablecoin rather than a standalone blockchain, no consensus algorithm or block time applies directly to USDF itself.

The yield behind USDF is generated by the delta-neutral positions that back its reserves, meaning the return ultimately originates from trading activity within Aster's perpetual exchange — traders who pay fees or funding costs on those positions are the indirect source of income. The data provided does not include an explicit protocol fee rate or revenue figure, so fee-based measures of the kind this site tracks for other assets are not available here. The stablecoin circulating supply stands at approximately 111.3 million as a point-in-time figure, and that supply has contracted by roughly 0.28 percent over the trailing 30 days, which is relevant context for understanding the current scale of the yield-generating pool.