---
title: "Alto DUSD (DUSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/dusd-alto/"
description: "Build-time stablecoin profile for Alto DUSD (DUSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-06-03"
---



# Alto DUSD (DUSD)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** Decentralized (DeFi)

**Status:** active

## Overview

DUSD is Alto's CDP-style stablecoin minted from isolated markets backed by ETH, BTC, and yield-bearing variants; tiny supply backstopped by a USDC PSM. Alto DUSD takes a kitchen-sink approach to collateral in isolated markets — 55% ETH and LSTs, 20% BTC tokens, 15% sUSDe, 5% Syrup USDC, and a 5M USDC {{term:psm}}PSM{{/term}} cap at 20 bps — so one bad collateral doesn't cascade into the rest. The PSM backstop with permissionless atomic settlement is the structural highlight, and a clean record with no depeg events on a micro-cap float suggests the architecture works at this scale, even if the peg is too thinly traded to earn a graded rating at all. DAO governance via ALTO token holders earns the decentralized classification, and the asset rarely strays from the calm end of the stress scale — though that owes as much to a thin on-chain market as to the collateral diversity the design advertises. The embedded Ethena dependency via sUSDe means DUSD inherits a slice of {{term:delta-neutral}}delta-neutral{{/term}} basis risk on top of its {{term:overcollateralization}}overcollateralization{{/term}} buffer — sophisticated risk engineering at a scale too small to stress-test. Isolated minting markets behave like ring-fenced {{term:cdp}}CDPs{{/term}}.

## Collateral

Over-collateralized on-chain assets in isolated lending markets on Ethereum: mint markets accept WETH, wstETH (Lido), rETH (Rocket Pool), mETH (Mantle LST), sUSDe (Ethena), and Syrup USDC; borrow markets accept cbBTC, WBTC, tBTC, sUSDe, Syrup USDC, and PAXG; each market is independently isolated with per-asset risk parameters; a Peg Stability Module enables 1:1 USDC↔DUSD swaps capped at 5M USDC

## Peg Mechanism

Overcollateralized minting via isolated lending markets (mint and borrow); peg backstopped by a PSM enabling 1:1 USDC↔DUSD swaps at 0.20% fee (5M USDC cap); arbitrageurs exploit the PSM rate vs. market price to restore peg; all markets governed by ALTO token holder votes

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x63d74d22e689c715a04f2c13962b1f77f443d35b` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/dusd-alto.