Dialectic USD (DUSD) stablecoin analytics
DUSD is Dialectic's USDC-accounted Makina strategy share with queued exits, upstream USDC freeze exposure, and NAV tied to deployed positions.
Static Profile
Static stablecoin profile
Dialectic USD (DUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
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.
AI summary / Updated Jul 29, 2026
DUSD is a USDC-accounted Makina strategy share, not a fixed-dollar claim. Depositors hand USDC to a Makina Machine operated by Dialectic, and the share price moves with the strategy's marked AUM rather than promising a constant $1 redemption value. The portfolio rotates across...
AI summary · drafted by gpt-5-codex · reviewed by Codex DUSD tracking completion on Jul 29, 2026 · facts as of Jul 29, 2026
- Collateral
- USDC deposited into the Dialectic USD Makina Machine and deployed by the Dialectic operator into AMM liquidity and money-market 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 go through the AsyncRedeemer FIFO queue with a 12-hour minimum finalization delay and settlement that depends on the operator freeing accounting-token liquidity
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Real-Time PoR by Makina on-chain Machine accounting Reserve source
Snippet Answer
Is DUSD safe?
Pharos does not mark DUSD as absolutely safe. Static metadata says Dialectic USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Makina on-chain Machine accounting; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. 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 dusd-dialectic
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 29, 2026.
DUSD quick answers
What is Dialectic USD (DUSD)?
DUSD is Dialectic's USDC-accounted Makina strategy share with queued exits, upstream USDC freeze exposure, and NAV tied to deployed positions. The static profile records its US Dollar peg mechanism as: 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...
Is DUSD safe?
Pharos does not mark DUSD as absolutely safe. Static metadata says Dialectic USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Makina on-chain Machine accounting; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs DUSD?
Pharos classifies DUSD backing as Crypto-Collateralized. Collateral, per the static profile: USDC deposited into the Dialectic USD Makina Machine and deployed by the Dialectic operator into AMM liquidity and money-market positions through Calibers on Ethereum, Base, Arbitrum, and Monad; execution is bounded by a... Reserve evidence: Real-Time PoR from Makina on-chain Machine accounting.
Can DUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for DUSD, when applicable, appear in the dossier below.