USDLemma
Profil du Stablecoin
USDLemma (USDL) est un stablecoin algorithmique — son ancrage à USD est maintenu par la mécanique du protocole on-chain plutôt que par des réserves off-chain. Actuellement, 175,1 k $US sont en circulation sur 2 réseaux blockchain. Le mécanisme ajuste l'offre (mint et burn) en fonction des écarts de prix par rapport au peg cible.
À propos de USDLemma (USDL)
Lemma is a decentralized finance (DeFi) protocol with two products: a leveraged basis trading vault and USDL, a stablecoin that is fully decentralized, 100% capital efficient and USD pegged.
Using the Lemma Finance app, users mint USDL by depositing an accepted asset into the protocol where it establishes a market neutral trading position on decentralized exchanges. When the loan is repaid to retrieve the collateral, the paid back USDL is burned.
Activité récente de l'offre
USDLemma (USDL) supply was unchanged in the last 24 hours, was unchanged over the past week, and was unchanged over the past 30 days.
Steady issuance: supply has held roughly flat (0.00% over 30 days), consistent with mature stablecoin liquidity dynamics.
Historique de l'Offre
Network distribution
USDLemma circulates across 2 blockchain networks. Arbitrum hosts the largest share at 58.10%, followed by OP Mainnet at 41.90%. Cross-chain distribution has remained broadly stable over the past 30 days.
| Chaîne | Offre | Part | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Arbitrum | 101,7 k $US | 58.10% | 0.00% | 0.00% |
| OP Mainnet | 73,4 k $US | 41.90% | 0.00% | 0.00% |
Historique de stabilité de l'ancrage
USDLemma (USDL) relies on protocol-level supply rebalancing rather than direct asset redemption to defend its 1.00 USD peg. The spot price is currently $0.9999 (-0.010% deviation). Algorithmic designs carry materially higher peg-failure risk than reserve-backed stablecoins — the May 2022 Terra/UST collapse remains the canonical reference case.
Comment les stablecoins algorithmic défendent leur ancrage
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.
Implications pratiques pour les détenteurs
- 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.
Adresses de contrat
USDLemma (USDL) 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.
| Chaîne | Adresse du contrat | Vérifier |
|---|---|---|
| Ethereum | 0xdb41ab644AbcA7f5ac579A5Cf2F41e606C2d6abc | Explorateur |
Les adresses de contrat proviennent du profil stablecoin de DeFiLlama. Certaines chaînes (Tron, Solana, Aptos, Sui) utilisent des formats d'adresse non EVM. Le lien « Explorateur » ouvre l'explorateur de blocs officiel de la chaîne concernée ; nous ne renvoyons pas vers des explorateurs tiers susceptibles d'afficher des données modifiées.
Comparer USDLemma à d'autres stablecoins algorithmic
Below are the largest algorithmic stablecoins tracked on Mantapex alongside USDLemma (USDL). 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 | Offre | Mécanisme | Chaînes |
|---|---|---|---|
| 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 les classes de mécanismes
If you're researching USDL 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.
Stabilité du Peg
Distribution par Chaîne
Ressources et sources de données
USDLemma (USDL) is tracked across major crypto data providers. The links below open USDLemma (USDL)'s pages on CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from on-chain oracles. 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.
Actualités récentes sur USDLemma
Latest reporting from major crypto news outlets covering USDLemma.
- Reuters
Morning Bid: Yen lift, dollar drift
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Trump's Greenland Comments Lift Dollar; Euro Loses Ground
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- Blockchain News
Paxos Announces Wind-Down of USDL Lift Dollar Stablecoin
Paxos plans to wind down its USDL Lift Dollar stablecoin by December 2025, with a focus on new financial initiatives. The process will be overseen by the FSRA of ADGM.
- Cryptopolitan
Trump tariff tensions lift dollar and gold despite market slide
Equity markets slid on Friday as President Trump intensified trade and tariff tensions with Canada. He also hinted at measures targeting Europe, driving investors to seek refuge…
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Rupee logs worst day in nearly 2 weeks as tariff jitters lift dollar
The Indian rupee weakened along with most of its regional peers on Tuesday as comments about trade tariffs from U.S. President Donald Trump boosted the dollar a day after a…
- Crypto news
Paxos expands yield-bearing stablecoin USDL to Arbitrum
Paxos International has launched its yield-bearing stablecoin Lift Dollar on Ethereum layer-2 network Arbitrum. The UAE-based subsidiary of Paxos, regulated by Abu Dhabi's…
- Reuters
US yields lift dollar and leave yen languishing
The dollar was supported by rising U.S. yields and the blowtorch was on low-yielding currencies on Tuesday such as China's yuan and Japan's yen, which was pinned to its lowest…
- Crypto Daily
Paxos International To Issue Interest-Bearing Stablecoin
Paxos International, the international arm of Paxos, is issuing a US dollar-pegged, interest-bearing stablecoin called the Lift Dollar (USDL).
Stablecoins associées
Stablecoins comparable to USDLemma by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Autres stablecoins algorithmic
Stablecoins indexés sur USD
Plus grands stablecoins par offre
Avertissement de Risque
Les stablecoins comportent des risques, notamment la dé-peggisation, les changements réglementaires et le risque de contrepartie. Diversifiez toujours et faites vos propres recherches.