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As of Nov 12, 2026, Alchemix USD (ALUSD) has a market cap of $10.52m across 4 chains, most of it on Ethereum ($6.82m).
Stablecoin information
alUSD is a yield-backed synthetic stablecoin powered by the Alchemix protocol.
Category:algorithmic
Minting and Redemption
alUSD is minted by depositing an accepted collateral asset into an Alchemix Vault. The collateral is used to generate yield that pays down the alUSD debt. Any alUSD used to repay the loan to retrieve the collateral is burned.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.70% | +0.82% | +0.52% | 6.82m | ||
| Multichain Bridge | 100% | -0.15% | -0.85% | +11.98% | 3.49m | |
| Multichain Bridge | 100% | <0.0001% | <0.0001% | <0.0001% | 364,544.24 | |
| Multichain Bridge | 100% | +0.00% | +0.00% | +0.00% | 170,527.43 |
