Alchemix USD
Perfil del Stablecoin
Alchemix USD (ALUSD) es una stablecoin algorítmica — su anclaje a USD se mantiene mediante la mecánica del protocolo en cadena, no con reservas off-chain. Actualmente hay 13,7 M US$ en circulación a través de 4 redes blockchain. El mecanismo ajusta el suministro (acuñación y quema) en respuesta a las desviaciones del precio respecto al anclaje objetivo.
Acerca de Alchemix USD (ALUSD)
alUSD is a yield-backed synthetic stablecoin powered by the Alchemix protocol.
alUSD is minted by depositing an accepted collateral asset into an Alchemix Vault. The collateral is used to generate yield that pays down the alUSD debt. Any alUSD used to repay the loan to retrieve the collateral is burned.
Actividad reciente de suministro
Alchemix USD (ALUSD) supply was unchanged in the last 24 hours, contracted by 4 mil US$ (-0.03%) over the past week, and contracted by 24 mil US$ (-0.17%) over the past 30 days.
Steady issuance: supply has held roughly flat (-0.17% over 30 days), consistent with mature stablecoin liquidity dynamics.
Historial de Suministro
Network distribution
Alchemix USD circulates across 4 blockchain networks. Ethereum hosts the largest share at 75.54%, followed by OP Mainnet at 20.57%. Cross-chain distribution has remained broadly stable over the past 30 days.
| Cadena | Suministro | Cuota | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Ethereum | 10,4 M US$ | 75.54% | +0.01% | +0.49% |
| OP Mainnet | 2,8 M US$ | 20.57% | -0.02% | -2.59% |
| Arbitrum | 363,2 mil US$ | 2.65% | 0.00% | 0.00% |
| Fantom | 169,9 mil US$ | 1.24% | 0.00% | 0.00% |
Historial de estabilidad del anclaje
Alchemix USD (ALUSD) relies on protocol-level supply rebalancing rather than direct asset redemption to defend its 1.00 USD peg. The spot price is currently $0.9963 (-0.369% deviation). Algorithmic designs carry materially higher peg-failure risk than reserve-backed stablecoins — the May 2022 Terra/UST collapse remains the canonical reference case.
Cómo las stablecoins algorithmic defienden su anclaje
Algorithmic stablecoins attempt to balance supply and demand through protocol-level mint/burn incentives — typically against a paired governance or seigniorage token. When the price drops below $1.00, the protocol burns supply (often by letting holders swap into a discounted asset); when it rises above $1.00, the protocol mints new tokens. This design only holds when the paired asset retains independent demand. If the market loses faith in the paired asset, the feedback loop reverses and produces a hyperinflationary "death spiral" — the failure mode that wiped out roughly $60B in the Terra/UST collapse.
Implicaciones prácticas para los tenedores
- Peg-failure tail risk is materially higher than reserve-backed designs. Position sizing should reflect this — algorithmic stablecoins are not a "cash equivalent" for risk-management purposes.
- Read the latest collateralisation ratio carefully: many "algorithmic" stablecoins have since migrated to partial or full collateralisation. The label can lag the actual mechanism.
- Reflexive feedback loops mean small redemption pressure can cascade. Exit liquidity should be assessed during normal conditions, not after stress begins.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (algorithmic) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Direcciones de contrato
Alchemix USD (ALUSD) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Cadena | Dirección del contrato | Verificar |
|---|---|---|
| Ethereum | 0xbc6da0fe9ad5f3b0d58160288917aa56653660e9 | Explorador |
Las direcciones de contrato provienen del perfil de stablecoins de DeFiLlama. Algunas cadenas (Tron, Solana, Aptos, Sui) usan formatos de dirección no EVM. El enlace "Explorador" abre el explorador de bloques oficial de la cadena correspondiente; no enlazamos a exploradores de terceros que puedan mostrar datos alterados.
Comparar Alchemix USD con otras stablecoins algorithmic
Below are the largest algorithmic stablecoins tracked on Mantapex alongside Alchemix USD (ALUSD). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Suministro | Mecanismo | Cadenas |
|---|---|---|---|
| Frax (FRAX) | 212 M US$ | algorithmic | 22 |
| Bean (BEAN) | 33,4 M US$ | algorithmic | 1 |
| Neutrino USD (USDN) | 31,1 M US$ | algorithmic | 4 |
| SpiceUSD (USDS) | 18 M US$ | algorithmic | 4 |
| Mento Dollar (USDm) | 16 M US$ | algorithmic | 5 |
Entre clases de mecanismos
If you're researching ALUSD as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.
Estabilidad del Anclaje
Distribución por Cadena
Recursos y fuentes de datos
Alchemix USD (ALUSD) is tracked across major crypto data providers. The links below open Alchemix USD (ALUSD)'s pages on CoinGecko and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Stablecoins relacionadas
Stablecoins comparable to Alchemix USD by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Otras stablecoins algorithmic
Stablecoins vinculadas a USD
Mayores stablecoins por suministro
Aviso de Riesgo
Las stablecoins conllevan riesgos que incluyen la pérdida del anclaje, cambios regulatorios y riesgo de contraparte. Siempre diversifique y haga su propia investigación.