Solomon USDv (USDV): What It Is, Uses and Risks

Solomon USDv (USDV) is a stablecoin issued on the Solana blockchain. Its project description says it is designed to track the U.S. dollar while staying liquid, transferable and usable inside other apps. Solomon describes USDv as a fully reserved token, meaning each unit is said to be backed 1:1 by a portfolio of dollar-denominated reserve assets. The reserve claim comes from the project, and the public data we used does not include an independent audit or attestation of those reserves, so readers should check the issuer's own disclosures before relying on it. USDv is classed under stablecoins in the data, and it is not a native token of any blockchain.

According to the project, USDv is meant to be held, sent and used like a normal dollar-pegged token. Users can acquire it, keep it in a wallet, transfer it, or use it through supported applications and protocols. The main pitch is that holders can earn variable rewards funded by income from the reserve assets, while still holding USDv directly. The project says this works without staking, wrapping or locking the token. Public reporting also mention USDv for Businesses, a version aimed at companies that want to control how reward income is used inside their own products, and a Solomon Platform that supports these uses. Reward rates are described as variable, so they should not be treated as fixed returns.

The data we used reports a circulating supply of about 8.79 million USDV at the time of writing, with total supply reported as the same figure and no maximum supply listed. At a price of about $1.00 as of 2026-11-05, the market capitalisation was reported at about $8.8 million, ranked 1339th among tracked tokens, with about $125,600 traded over 24 hours. The data also shows an all-time high of about $1.27 on 2026-10-05 and an all-time low of about $0.907 on 2026-10-04. That range is wide for a stablecoin and is worth examining closely, since a stablecoin is expected to stay near its peg. These figures change constantly and should be checked on a live data source.

USDv is issued on Solana, and the data lists no other chains for it. Solana is the network where the token contract lives, so the token's transfers and balances are recorded there. Because stablecoins can be issued on multiple networks by different parties, the chain and the contract address matter when you look at a token. Public reporting also include an older project called Verified USD that launched a token with the USDV name in 2023. That is a different token. Anyone searching for USDV should confirm the issuer, the network and the contract address before buying, sending or interacting with it.

Stablecoins carry several kinds of risk. The reserve claim depends on the issuer, and readers cannot verify the reserves from public sources we have. The wide price range in the data shows the token has traded away from a dollar peg in recent history, so the peg is not guaranteed. Reward rates are variable and depend on reserve income, which can fall. Smart contracts on Solana can contain bugs, and bridges or third-party apps add more exposure. Regulation of stablecoins is changing and may affect how the token can be issued or used where you live. Keep USDv in a wallet you control, check the contract address against the issuer's official pages, and never share your seed phrase or private keys.