DUSD, issued by the dTRINITY Protocol smart contracts under the governance of future TRIN tokenholders, is a full-reserve stablecoin that is soft-pegged 1:1 to the U.S. dollar (USD) and backed by an onchain reserve of other USD-denominated stablecoins. [S1][S2][S3]

Each DUSD token is backed by at least 1 U.S. dollar (USD) of onchain collateral comprising other USD-denominated stablecoins, yieldcoins, and Curve LP positions from issuers including Tether, Circle, Sky, and Frax Finance. [S1][S2] Float revenue earned by these reserves is redistributed as interest rebates to dUSD borrowers and as rewards to lenders and liquidity providers rather than to passive holders. [S1][S4] Holders bear no minting fee and a redemption fee of up to 0.5%. [S1][S2]

DUSD is issued by decentralized, non-custodial smart contracts and is not issued by a single corporate entity; Trinity Foundation Ltd., a Singapore-based non-profit company limited by guarantee, operates the interfaces and documentation but states it does not control the protocol. [S5] The Terms of Use are governed by the laws of the Cayman Islands. [S6] Tokens are held non-custodially in users' own wallets and are redeemable 1:1 for eligible reserve assets via smart contract. [S1][S2] Access is restricted to users 18 or older outside listed regions including the United States, United Kingdom, and Singapore, subject to sanctions warranties. [S6][S7]

DUSD is an ERC-20 token natively deployed on Fraxtal, Katana, and Ethereum mainnet, with reserves chain-isolated and non-fungible across networks. [S1][S8] Minting and redemption occur atomically and permissionlessly onchain at a 1:1 ratio against eligible reserve assets, with settlement effectively immediate per transaction and peg maintenance supported through Stability and Algorithmic Market Operations on Curve. [S1][S2]

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://docs.dtrinity.org/core-components/dusd-stablecoin" },
    { id: "S2", url: "https://docs.dtrinity.org/protocol-components/dusd" },
    { id: "S3", url: "https://docs.dtrinity.org/key-concepts/dtrinity" },
    { id: "S4", url: "https://docs.dtrinity.org/" },
    { id: "S5", url: "https://docs.dtrinity.org/informational/terms-of-use" },
    { id: "S6", url: "https://docs.dtrinity.org/informational/terms-of-use" },
    { id: "S7", url: "https://docs.dtrinity.org/informational/restricted-regions" },
    { id: "S8", url: "https://docs.dtrinity.org/key-concepts/network-support" },
  ]}
/>


Stablecoins

dUSD is minted by depositing supported collateral stablecoins into the dTRINITY protocol; redemption is 1:1 against reserves. The reserve yield mechanism rebates borrowing interest on dLEND for DUSD borrowers, creating a unique cost-reduction loop versus typical stablecoin yield distribution.

dTRINITY issues dUSD (DUSD) and its staked variant sdUSD across multiple chains (Ethereum, Fraxtal, Katana, Ronin). DUSD is 1:1 USD-pegged and backed by an on-chain reserve of USDC, FRAX, DAI, sFRAX, and sDAI. Reserve yield is used to subsidise borrowing costs on the dLEND lending market rather than distributed to token holders.

dTRINITY is a decentralized stablecoin protocol that issues dUSD, a USD-pegged stablecoin backed by exogenous on-chain reserves of other USD-denominated stablecoins.

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Stablecoin issuers

dTRINITY

dTRINITY USD (DUSD) is a U.S. dollar stablecoin issued by dTRINITY.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can mint and redeem directly with dTRINITY in USDC, USDT, USDS, sUSDS, frxUSD, sfrxUSD, DAI, sDAI, vbUSDC, vbUSDT, and AUSD.

Holder terms are governed by the law of the Cayman Islands.

DUSD has been issued on public blockchains since November 2024 and is native to Fraxtal, Ronin, Katana, and Ethereum.

dTRINITY USDDUSD

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