StandX DUSD (DUSD): What It Is, Uses and Risks

DUSD is a stablecoin token associated with StandX, a perpetual futures decentralized exchange (dApp). StandX describes DUSD as a yield-bearing stablecoin, meaning it is designed to hold a value close to one US dollar while paying returns to holders. The project says DUSD was built as its first product and that it auto-distributes yield to holders without requiring staking. DUSD is not a native token of any blockchain. It is issued on BNB Chain and Solana. Sources do not fully agree on how DUSD is backed. The project describes it as fully collateralized. One search result describes it as a synthetic dollar backed by spot crypto assets that are hedged with short perpetual futures positions. At the time of writing, as of 2026-11-05, the market data shows a price of about $0.99, a market cap of about $6.7 million and a market cap rank of 1510. One search result dates the official launch to May 15, 2025, but the launch field in the data is empty.

According to the project and public reporting, DUSD was meant to be used in two main ways. First, holders could earn yield on their DUSD balances. Second, traders could use DUSD as margin, or collateral, for trading crypto perpetual contracts on the StandX exchange. The idea was that a trader's margin could keep earning returns while it was locked as collateral. The project also described DeFi integration, meaning DUSD could be used in other decentralized finance apps, though the data does not name any specific integrations. A wind-down report dated October 15, 2026 says StandX ended DUSD yield, position yield, community maker yield and referral commissions on that date. It also says new vaults and deposits were closed. Because of this, the yield-earning and margin uses described on the project's own pages may no longer be available. Readers should check the current status before assuming any feature still works.

The data lists a circulating supply of about 6.78 million DUSD and a total supply of about 6.77 million at the time of writing. No maximum supply is listed. The gap between the two figures is small, and the data does not explain it. The all-time high was about $1.039 on 2025-11-20. The all-time low was about $0.849 on 2026-11-02. Over the past seven days the price changed by about negative 2.8 percent, and over the past year by about negative 2.9 percent. The 24-hour trading volume was about $113,105. A stablecoin is meant to stay near its target value, so a price below one dollar, as shown in this data, means the token was trading below its intended peg at the time of the snapshot. This page does not predict future prices, and the figures above will change. Readers should check live data on a market tracker before relying on any number.

DUSD is issued on BNB Chain and Solana, so holders must use wallets and networks that match the chain where they hold the token. Tokens on one chain are not automatically usable on another without a bridge, which adds its own risks. Key risks include a loss of the peg, where the price drifts away from one dollar; unclear or hard-to-verify reserve backing; smart contract bugs or exploits; and the wind-down reported in October 2026, which may affect redemptions, yield and liquidity. Perpetual futures trading uses leverage and can cause fast losses. Readers must be 18 or older, or 21 or older where required, and should check that online gambling and leveraged trading are legal where they live. For storage, people should only hold DUSD in wallets they control, check the token contract address on each chain from official project channels, and watch for fake tokens with the same name. This is not financial advice.