Alto DUSD(DUSD)
Market Cap$665,069
Price$1
Total Circulating665,420
Stablecoin Information
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.
Category:crypto-backed
Minting and RedemptionUsers 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.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | 0% | 0% | +28.38% | 665,420 |