Deel USD (DLUSD) is a fiat-backed US dollar stablecoin. It has about $3.8M in circulation, ranking #166 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is DLUSD?
Deel USD (DLUSD) is a fiat-backed US dollar stablecoin. It has about $3.8M in circulation, ranking #166 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: DLUSD is Deel's U.S. dollar-denominated stablecoin for contractor payments, issued through Bridge's Open Issuance platform and settled on Tempo.
DLUSD supply history
Its peak was $3.9M in October 2026, and supply is 3% below that high.
Is DLUSD holding its peg?
There is no live market price for DLUSD. It is not actively traded on any exchange or DEX we can see, which is common for bank-issued and permissioned stablecoins that are only minted and redeemed directly with the issuer.
Where DLUSD lives: supply by blockchain
Supply is concentrated: Tempo holds 100% of all DLUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How DLUSD is backed
Each DLUSD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: Bridge converts employer U.S. dollar payments into DLUSD, which is designed to track the U.S. dollar 1:1 and is redeemable for U.S. dollar value within Deel.
DLUSD risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $3.8M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
DLUSD vs USDT and USDC
Similar fiat-backed stablecoins
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DLUSD FAQ
What is DLUSD?
Deel USD (DLUSD) is a fiat-backed US dollar stablecoin. It has about $3.8M in circulation, ranking #166 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What backs DLUSD?
DLUSD is a fiat-backed stablecoin. Each DLUSD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is DLUSD on?
DLUSD is live on 1 blockchain. The largest by supply are Tempo ($3.8M).
How much DLUSD is in circulation?
About $3.8M of DLUSD was in circulation at the last update. That makes it the #166 stablecoin by supply among those we track.
Is DLUSD safe?
No stablecoin is risk-free. As a fiat-backed design, DLUSD's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "no market price" on our peg monitor. This page is information, not investment advice.