Silver Stablecoins: 2 Coins Ranked by Risk
2 tracked stablecoins pegged to Silver. Compare peg stability, liquidity, risk, and leading symbols like XAGm and KAG.
About Silver stablecoins
Silver-pegged stablecoins tokenize physical silver, tracking the spot silver market on-chain. Pharos monitors peg accuracy and supply for silver-backed tokens. Pharos currently maps 2 tracked stablecoins in this currency bucket. Top tracked names include Matrixdock Silver (XAGm) and Kinesis Silver (KAG). Silver pegs inherit commodity-market volatility and custody questions, so peg accuracy means tracking spot silver rather than holding a fiat unit.
Silver risk review starts with rwa backing and cefi governance, the largest categories in this cohort. 2 tracked coins in the cohort can be directly frozen or denylisted.
| # | Name | Price | Peg | Market cap | 24h | 7d | Grade | Peg Score | Liq | Blacklist | Mint Score | Backing | Type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Physical delivery terms
Reviewed issuer terms for taking delivery of metal instead of selling the token. Delivery is limited to customers the issuer has verified, and delivery, storage, tax and bank charges can apply on top.
| Token | Metal per token | Minimum delivery | Bar class | Vaults | Eligibility | Reviewed |
|---|---|---|---|---|---|---|
| Matrixdock Silver (XAGm) | 0.9984 troy oz | 2,100 XAGm | London Good Delivery bar | Singapore, Hong Kong | Verified customers | Oct 1, 2026 |
| Kinesis Silver (KAG) | 1 troy oz | 200 KAG | Small bar or coin | London, Zurich, Singapore, Hong Kong, Other | Verified customers | Oct 1, 2026 |
Source: Pharos-reviewed redemption terms in this build. Rows whose physical-delivery review has expired are left out.
Silver stablecoins at a glance
Registry facts for all 2 tracked Silver stablecoins, in registry order. These are design facts, not live data; the live table above carries market and risk figures.
| Stablecoin | Backing | Governance | Freeze capability | Launched | Chains |
|---|---|---|---|---|---|
| Matrixdock Silver (XAGm) | Real-World Asset Backed | Centralized (CeFi) | Issuer can freeze | 2026 | 2 |
| Kinesis Silver (KAG) | Real-World Asset Backed | Centralized (CeFi) | Issuer can freeze | 2025 | 1 |
How to use this directory
Treat the Silver cohort as a starting filter, then verify the live risk surfaces that move fastest: coverage, peg history, liquidity, reserves, and dependency exposure.
More stablecoin hubs
Move laterally into related taxonomy pages without going back to the homepage.