---
title: "StandX DUSD (DUSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/dusd-standx/"
description: "Build-time stablecoin profile for StandX DUSD (DUSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# StandX DUSD (DUSD)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

DUSD is StandX's delta-neutral synthetic dollar; Ethena-style basis trade through Ceffu custody, no token, no published proof of reserves. StandX runs the Ethena playbook through Ceffu {{term:custody}}custody{{/term}} with one critical difference: no governance token, no points program, no yield sharing — just a $99M {{term:delta-neutral}}delta-neutral{{/term}} stablecoin where 95% of reserves are active spot-long/perp-short positions on BTC, ETH, SOL, and BNB with a 5% stability buffer. The D grade at 49 is the honest assessment: CEX custody, exotic collateral, no published proof of reserves, and a {{term:redemption}}redemption{{/term}} backstop scoring 57 via an issuer API with same-day settlement and only 5% immediate capacity. The peg record is actually clean — just 7 depeg events with the worst at 181 bps above peg — which suggests the Goldman Sachs and Binance Futures alumni running the desk know what they are doing, provided the infrastructure beneath them holds. DEWS Calm at 12 and stable supply near $99M say the market trusts the trade for now, but trust and verification are different things entirely. This is a {{term:basis-trade}}basis trade{{/term}} expressed through CEX {{term:perpetual}}perpetual{{/term}} futures.

## Collateral

USDT/USDC deposits converted to hedged crypto positions (BTC, ETH, SOL) via Ceffu

## Peg Mechanism

Delta-neutral hedging on centralized exchanges; 1:1 USDT/USDC redemption

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| bsc | `0xaf44a1e76f56ee12adbb7ba8acd3cbd474888122` | 6 |
| solana | `DUSDt4AeLZHWYmcXnVGYdgAzjtzU5mXUVnTMdnSzAttM` | 6 |

## Live Data

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