DUSD, issued by StandX Issuer Ltd, is a fully collateralized yield-bearing stablecoin referencing the U.S. dollar (USD) that is backed by market-neutral collateral and auto-distributes yield to tokenholders without staking. [S1][S2]

DUSD references the U.S. dollar (USD) at a 1:1 ratio and generates yield from two sources: staking rewards on spot collateral such as ETH, BNB, or SOL, and funding-fee revenue from offsetting short perpetual futures positions. [S3][S4] Rewards accrue from a tokenholder's onchain DUSD balance via wallet snapshots, settle every 7 days regardless of how DUSD was acquired, and are claimable to the holder's address. [S3][S1] Minting incurs no fee; redemption incurs a 0.1% fee. [S3]

The issuer is StandX Issuer Ltd, a company limited by shares incorporated in the British Virgin Islands with company number 2163662. [S2] Neither the issuer nor its group is regulated, supervised, or licensed by any financial services regulator, including the BVI Financial Services Commission; tokenholders should not consider the Tokens to be investments. [S2] A Tokenholder holds legal ownership of the private key relating to a Token. [S2] Eligible persons are at least 18, complete KYC and AML onboarding, and are not Prohibited Persons or resident in geo-blocked jurisdictions including the United States and United Kingdom. [S2] Tokenholders may redeem on demand at their reserve share. [S2]

DUSD uses the Solana Token-2022 Program on Solana and the BEP-20 standard on BNB Chain. [S4] Tokenholders mint DUSD with USDT or USDC on the StandX website, converting deposits into hedged spot assets with offsetting short futures. [S3][S4] Redemption returns USDT or USDC after a mandatory 7-day processing period, with a minimum of 10 DUSD. [S5]

<Sources
  retrievedAt="2026-06-24"
  items={[
    { id: "S1", url: "https://docs.standx.com/docs/dusd-overview" },
    { id: "S2", url: "https://docs.standx.com/docs/resources/user-terms-conditions" },
    { id: "S3", url: "https://docs.standx.com/docs/dusd-overview/product-faq" },
    { id: "S4", url: "https://docs.standx.com/docs/dusd-solutions" },
    { id: "S5", url: "https://docs.standx.com/docs/dusd-solutions/redeeming-dusd" },
  ]}
/>


# Asset off peg methodology

## 1. Overview

The asset off peg metric is defined as the percentage deviation of a tokenized asset's daily closing market price from its designated reference (pegged) asset price. This metric is utilized to assess the stability and peg-keeping performance of stablecoins, wrapped assets, and other pegged tokens. The deviation is calculated relative to the reference price, representing either a premium or a discount in the market. Daily tracking of this metric is performed to enable the monitoring of peg stability and the identification of potential de-pegging events across various asset classes.

## 2. Data sources

- **EVM chain events**: `AnswerUpdated` events from Chainlink aggregator contracts, covering EVM-compatible chains (Ethereum, Polygon, and others)
- **Asset metadata**: Reference asset configurations and token mappings
- **External data**: End-of-day price feeds for tokenized assets

## 3. Step-by-step calculation

### Component A: Retrieve asset prices and reference mappings

- **Purpose**: Identify the daily closing price of each asset and map it to its designated reference currency
- **Logic**: Daily closing prices for each asset are retrieved from end-of-day price feeds. Each asset is mapped to its designated reference currency (such as the U.S. Dollar, Euro, or British Pound) using asset metadata. For assets pegged to the U.S. Dollar, a fixed reference rate of 1.0 is assigned. For assets pegged to other fiat currencies, the corresponding Chainlink FX feed is identified.
- **Key fields**: `asset_price` (daily closing price of the asset), `reference_asset` (the target peg currency), `fx_feed_name` (the identifier for the Chainlink FX feed)

### Component B: Resolve daily reference prices

- **Purpose**: Determine the daily USD value of the reference peg currency
- **Logic**: Daily FX rates are extracted from Chainlink oracle price feeds on EVM-compatible chains. To account for days without oracle updates, the last recorded rate for each FX feed is carried forward to construct a continuous daily time series. The daily reference price is then established by matching the asset's mapped FX feed or fixed rate with the corresponding daily rate.
- **Key fields**: `price` (the FX rate from the oracle feed), `timestamp` (the date of the rate), `reference_price` (the resolved daily reference price in USD)

### Component C: Calculate peg deviation

- **Purpose**: Compute the final percentage deviation of the asset price from its reference price
- **Logic**: The daily asset price and the resolved daily reference price are aligned by timestamp and asset identifier. The percentage deviation is calculated by subtracting the reference price from the asset price, and dividing the result by the reference price. Days where a reference price cannot be resolved are excluded from the final dataset.
- **Key fields**: `asset_off_peg` (the percentage deviation from the peg), `timestamp` (the daily grain timestamp)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

(market_price - reference_price) / reference_price

Percentage deviation of the asset price from its reference peg.

Asset off peg

Stablecoins

DUSD is minted against USD-equivalent collateral and earns yield from underlying reserves. The yield is auto-streamed to holder wallets, allowing the same token to be used as margin on the StandX perps DEX while continuing to accrue returns.

StandX is a perpetuals exchange that issues DUSD, a fully collateralized yield-bearing USD stablecoin. DUSD auto-distributes real yield to holders without requiring staking and is deployed on BNB Smart Chain and Solana.

StandX is a perpetuals DEX team building decentralized derivatives infrastructure, with a focus on integrating yield-bearing collateral directly into the trading experience.

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Stablecoin issuers

StandX

StandX DUSD (DUSD) is a U.S. dollar stablecoin issued by StandX through StandX Issuer Ltd.

Each token is redeemable one-for-one for U.S. dollars and is a direct claim on the issuer.

Retail investors and institutions can mint and redeem directly with StandX in USDT and USDC after completing KYC, and holders have a contractual right to redeem at par.

StandX Issuer Ltd is incorporated in the British Virgin Islands and operates without a specific regulatory regime.

Holder terms are governed by the law of the United Kingdom.

DUSD has been issued on public blockchains since December 2024 and is native to Solana and BNB Chain.

StandX DUSDDUSD