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



# dTRINITY dUSD (dUSD)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

dUSD is dTRINITY's reserve-backed dollar with Curve AMOs; post-exploit trust rebuild on a Frax-heavy reserve. The March 17 exploit hit dTRINITY at the worst possible moment — a protocol with genuinely novel economics (subsidized borrowing funded by reserve {{term:yield-bearing}}yield{{/term}}) now carries a danger notice that overshadows everything else on the page. Supply has contracted to roughly $1.5M from $1.8M a month prior, Sonic deployment is paused, and the C overall grade reflects a protocol where the safety floor has cracked. The reserve composition tells the dependency story: 42% sfrxUSD and 35% Curve {{term:amo}}AMO{{/term}} positions mean dUSD is overwhelmingly a bet on Frax infrastructure, with chain-isolated reserves that at least prevent cross-chain contagion. Stress monitoring now sits firmly at the calm end of the scale, suggesting the acute crisis has stabilized, but the 84-rated backstop with 40% immediate capacity is doing the heavy lifting to keep this from unwinding further. An elegant flywheel that proved fragile under pressure — the borrower subsidy model deserves a second chance, but this protocol needs to earn it. The 84-rated {{term:redemption}}redemption{{/term}} backstop is currently doing most of the peg-defense work.

## Collateral

Yield-bearing USD stablecoins held in chain-isolated on-chain reserves; eligible assets vary by chain. Ethereum: USDC, USDT, USDS, sUSDS (Sky/MakerDAO), frxUSD, sfrxUSD (Frax Finance), and Curve AMO positions. Fraxtal: USDC, USDT, DAI, sDAI (bridged via Fraxtal canonical bridge), frxUSD, sfrxUSD (native), and Curve AMO positions. Katana: vbUSDC, vbUSDT (Vault Bridge tokens backed by Ethereum lending vaults), AUSD (Agora), frxUSD, sfrxUSD. Each network deployment maintains fully isolated reserves with no cross-chain collateral sharing.

## Peg Mechanism

Atomic 1:1 mint (no fee) and redemption (up to 50 bps fee) against whitelisted reserve stablecoins; Algorithmic Market Operations (AMO) pre-mint dUSD into Curve liquidity pools to programmatically support the peg; Stability Market Operations (SMO) buy back and burn dUSD from Curve when it trades at a significant discount; dUSD price is hard-coded at $1 in all protocol-internal operations to prevent oracle manipulation.

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x07fff99e1664d9b116fbc158c0e99785f81ca236` | 18 |
| fraxtal | `0x788d96f655735f52c676a133f4dfc53cec614d4a` | 6 |
| katana | `0xca52d08737e6af8763a2bf6034b3b03868f24dda` | 18 |
| sonic | `0x53a6abb52b2f968fa80df6a894e4f1b1020da975` | 18 |

## Live Data

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