Skip to main contentSkip to data table
Pharos
Pharos

Alchemix USD (alUSD) stablecoin analytics

alUSD is Alchemix's self-repaying CDP stablecoin: users borrow against DAI/USDC/USDT collateral and the yield from those deposits gradually repays the debt.

Static Profile

Static stablecoin profile

Alchemix USD (alUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.

AI summary / Updated Jul 15, 2026

alUSD is Alchemix's self-repaying CDP stablecoin: deposit DAI, USDC, or USDT into Yearn and Aave yield strategies, borrow up to roughly 50% against it, and let the yield slowly erase your debt with no interest and no liquidation risk. The mechanism remains DeFi's most patient...

AI summary · drafted by gpt-5.6-sol · reviewed by @TokenBrice on Jul 15, 2026 · facts as of Jul 15, 2026

Collateral
DAI, USDC, and USDT deposited into yield strategies (Yearn, Aave) via Alchemix CDPs; yield automatically repays debt
Peg Mechanism
Self-repaying loans: yield from deposited stablecoin collateral automatically repays debt; Transmuter guarantees 1:1 redemption
Jurisdiction
Not disclosed in the static profile.
Proof Of Reserves
No proof-of-reserves entry in the static profile.
Contracts
5 deployments tracked across Ethereum, Arbitrum, Optimism, and Fantom, plus 1 more.

Snippet Answer

Is alUSD safe?

Pharos does not mark alUSD as absolutely safe. Static metadata says Alchemix USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.

Next Actions

Exact bot target: /subscribe dews,depeg,safety alusd-alchemix

Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jul 15, 2026.

alUSD quick answers

What is Alchemix USD (alUSD)?

alUSD is Alchemix's self-repaying CDP stablecoin: users borrow against DAI/USDC/USDT collateral and the yield from those deposits gradually repays the debt. The static profile records its US Dollar peg mechanism as: Self-repaying loans: yield from deposited stablecoin collateral automatically repays debt; Transmuter guarantees 1:1 redemption

Is alUSD safe?

Pharos does not mark alUSD as absolutely safe. Static metadata says Alchemix USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.

What backs alUSD?

Pharos classifies alUSD backing as Crypto-Collateralized. Collateral, per the static profile: DAI, USDC, and USDT deposited into yield strategies (Yearn, Aave) via Alchemix CDPs; yield automatically repays debt Reserve evidence: live reserve feed configured.

Can alUSD be frozen or blacklisted?

Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for alUSD, when applicable, appear in the dossier below.