Alto DUSD (DUSD) is a crypto-backed US dollar stablecoin. It has about $1.3M in circulation, ranking #207 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
DUSD price
$1.0012
On peg Circulating supply
$1.3M
30-day change
+62.6%
Price
$1.0012
Blockchains
1
Tracked since
Mar 2026
What is DUSD?
Alto DUSD (DUSD) is a crypto-backed US dollar stablecoin. It has about $1.3M in circulation, ranking #207 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: DUSD is a crypto-backed stablecoin pegged to the US Dollar, issued through the Alto lending protocol. It is minted against collateral assets deposited into Alto markets and can be redeemed 1:1 for USDC via the Permissionless PSM, subject to available USDC liquidity.
DUSD supply history
$1.4M$0
Mar 24, 2026Oct 8, 2026
$1.4M$0
Mar 24, 2026Oct 8, 2026
DUSD supply grew 62.6% over the past 30 days, to $1.3M. It is at or near its all-time high.
Is DUSD holding its peg?
Last price
$1.0012
Target
1.0000 USD
Status
On pegDUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where DUSD lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all DUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How DUSD is backed
DUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: Users mint DUSD by depositing collateral into Alto mint markets. DUSD is burned when the loan is repaid. DUSD can also be exchanged 1:1 for USDC through the Permissionless PSM, subject to available USDC liquidity in the PSM.
Reserve reports and audits: github.com
DUSD risks
Collateral and liquidations
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Smart contracts and oracles
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Small and thinly traded
With $1.3M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
DUSD vs USDT and USDC
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DUSD FAQ
What is DUSD?
Alto DUSD (DUSD) is a crypto-backed US dollar stablecoin. It has about $1.3M in circulation, ranking #207 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is DUSD pegged 1:1 to the US dollar?
DUSD targets 1 USD. At the last update it traded at $1.0012, a deviation of +0.12%, which we classify as "on peg".
What backs DUSD?
DUSD is a crypto-backed stablecoin. DUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is DUSD on?
DUSD is live on 1 blockchain. The largest by supply are Ethereum ($1.3M).
How much DUSD is in circulation?
About $1.3M of DUSD was in circulation at the last update, +62.6% over 30 days. That makes it the #207 stablecoin by supply among those we track.
Is DUSD safe?
No stablecoin is risk-free. As a crypto-backed design, DUSD's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.