USDRIF, issued by the RIF Onchain Protocol smart contracts under the governance of RIF community tokenholders, is a USD-pegged stablecoin token native to the Rootstock Bitcoin sidechain and over-collateralized by crypto assets held onchain [S1][S2][S3].

USDRIF tracks the U.S. dollar (USD) at a 1:1 peg, giving holders a stable USD-denominated unit rather than a yield-bearing position [S3]. Holders earn no stated yield simply by holding USDRIF; the companion residual token RIFPro (RIFP) absorbs RIF-USD rate fluctuations and receives revenue sharing from the protocol's operation [S1][S3]. The protocol's fee structure is unchanged through the V3 upgrade [S4].

USDRIF is not issued by a single corporate entity; it is issued by RIF Onchain smart contracts on Rootstock under community and RootstockCollective DAO governance, with RootstockLabs (formerly IOV Labs) and Money onchain acting as technology contributors rather than named legal issuers [S1][S2][S5][S6]. RIF presents USDRIF as a crypto-collateralized stablecoin token, not a security, e-money, or fund interest [S7]. The protocol is permissionless and non-custodial, hosted via IPFS, with collateral held in onchain smart contracts rather than by a custodian [S2][S3]. Users mint USDRIF or trade it on exchanges, and RDOC holders may swap 1:1 to USDRIF in the app [S7][S3].

USDRIF is a token native to the Rootstock (RSK) network, the first Bitcoin sidechain, EVM-compatible and merge-mined with Bitcoin [S1][S2][S3]. It is minted through the RIF Onchain dApp once RIFPro is staked, with RIF or DOC deposited into collateral buckets and a Multi-Collateral Guard rebalancing reserves under onchain governance [S1][S4]. Pricing follows the 1:1 USD peg [S3].

<Sources
  retrievedAt="2026-06-23"
  items={[
    { id: "S1", url: "https://rif.technology/content-hub/rif-on-chain-launch/" },
    { id: "S2", url: "https://rif.technology/content-hub/stablecoins/" },
    { id: "S3", url: "https://rif.technology/rif-token/" },
    { id: "S4", url: "https://rif.technology/content-hub/rif-on-chain-v3-multi-collateral-support-coming-21-may-2026/" },
    { id: "S5", url: "https://rif.technology/about/" },
    { id: "S6", url: "https://rif.technology/content-hub/usdrif-v2/" },
    { id: "S7", url: "https://rif.technology/content-hub/stablecoin-use-cases/" },
  ]}
/>


# Asset Price methodology

## 1. Overview

Asset price represents the closing USD value of a tokenized asset at the end of each day. Daily prices are recorded to facilitate the valuation of on-chain activity and the calculation of market capitalization. Each price point reflects the market value at the conclusion of the UTC day.

## 2. Data sources

- **Asset metadata**: Token contract addresses, ticker identifiers, and on-chain launch timestamps
- **External data**: End-of-day price feeds and exchange rate feeds from market data providers
- **Blockchain data**: Data covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others) and non-EVM chains such as Solana, Aptos, and Near

## 3. Step-by-step calculation

### Component A: Market data retrieval

- **Purpose**: Collect raw daily price information
- **Logic**: Daily price data is retrieved from external market data providers. For assets pegged to specific currencies, prices are calculated using a multiplier and daily exchange rates. For assets traded on traditional exchanges where data is unavailable on certain days, such as weekends or holidays, missing values are filled with the last available closing price.

### Component B: Timestamp normalization

- **Purpose**: Align price data with daily reporting periods
- **Logic**: Timestamps are truncated to the daily grain. To accurately reflect the closing value, prices recorded at the start of a day (00:00:00 UTC) are assigned to the preceding calendar day.

### Component C: Asset mapping and deduplication

- **Purpose**: Associate prices with unique assets and resolve data overlaps
- **Logic**: Prices are mapped to assets using unique identifiers for EVM-compatible and non-EVM chains. To ensure data integrity, price records are filtered to include only those occurring on or after the asset's on-chain launch date. In instances where price data for a single asset is available from multiple sources, the data is deduplicated by selecting the record with the highest priority to ensure a single, consistent closing price.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Asset price

Stablecoins

USDRIF is an over-collateralized, USD-pegged stablecoin within the RIF ecosystem on Rootstock, bridged to Arbitrum.

RIF provides open infrastructure on Rootstock and issues USDRIF, a USD-pegged stablecoin on the Bitcoin sidechain.

RIF (Rootstock Infrastructure Framework) is built by IOV Labs, which also develops the Rootstock Bitcoin sidechain.

twitter

website

Stablecoin issuers

RIF US Dollar (USDRIF) is a U.S. dollar stablecoin issued by RIF.

Holders can mint and redeem directly with RIF in RIF and DOC.

USDRIF has been issued on Rootstock as an ERC-20 token since September 2023, with a bridged version on one more network.

RIF US DollarUSDRIF