Profile
DUSD profile facts
Dialectic USD (DUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.
Variant relationship
Dialectic USD (DUSD) is modeled as a strategy vault variant of USD Coin (USDC). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
Other coins using the DUSD ticker
- StandX DUSD (DUSD) · Active · US Dollar. DUSD is StandX's delta-neutral dollar in an announced wind-down.
- dTRINITY dUSD (dUSD) · Active · US Dollar. dUSD is dTRINITY's USD stablecoin minted 1:1 against yield-bearing reserve stablecoins.
- Alto DUSD (DUSD) · Active · US Dollar. DUSD is Alto's overcollateralized USD stablecoin minted from isolated on-chain markets backed by ETH.
- Fluid DigitalDollar (DUSD) · Frozen · US Dollar. DUSD is a legacy Fluid Finance USD token on Arbitrum whose current reserve composition.
- Collateral
- USDC deposited into the Dialectic USD Makina Machine and deployed by the Operator, Dialectic Meccanico Ltd, into on-chain credit, lending, liquidity, and strategy positions through Calibers on Ethereum, Base, Arbitrum, and Monad; execution is bounded by a Risk-Manager-curated Merkle instruction set, per-position and per-swap loss caps, and base-token allowlists, and an optional Security Module stakes DUSD shares as a slashable first-loss buffer
- Peg mechanism
- DUSD is not par-redeemable. Its price is the Machine's AUM divided by share supply in USDC terms, so it appreciates with strategy yield and can fall when the strategy loses value or the Security Council forces an AUM update past the share-price rate limit. Deposits mint shares atomically at the current share price through the DirectDepositor. Exits use the AsyncRedeemer queue and settle in USDC only when the operator finalizes requests after freeing accounting-token liquidity. The reviewed implementation advances sequential request IDs, but the Machine Terms make buybacks discretionary, grant no contractual redemption right or queue priority, and disclaim funding commitments at any volume, cadence or timeframe. Requests may remain unfilled indefinitely; the reviewed 12-hour minimum finalization delay is not a maximum settlement SLA.
- Jurisdiction
- British Virgin Islands
- Proof of reserves
- Real-Time PoR by Makina-indexed, publicly verifiable on-chain Machine accounting Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
DUSD quick answers
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What is Dialectic USD (DUSD)?
DUSD is Dialectic Meccanico Ltd's USDC-accounted Makina strategy share with permissionless on-chain entry, queued exits, and upstream USDC freeze exposure. The static profile records its USDC-denominated NAV accounting mechanism as: DUSD is not par-redeemable.
Is DUSD safe?
As of Oct 27, 2026, Pharos grades DUSD D (48/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to holders the issuer accepts case by case. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs DUSD?
Pharos records DUSD's reserves as of Sep 21, 2026 as 37.1% Pareto / FalconX credit exposure, 31.4% Morpho lending positions, 15.3% Makina Machine exposure, and 2 smaller holdings. Reserve evidence: Real-Time PoR by Makina-indexed, publicly verifiable on-chain Machine accounting. Pharos classifies the backing as Crypto-Collateralized.
Can DUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem DUSD?
Under the route Pharos reviewed on Sep 3, 2026, holders the issuer accepts case by case can redeem DUSD for USDC. Requests go through a redemption queue. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
