Token · ALUSD · Rank #1,198
Owning ALUSD: Uses, Networks and Risks
ALUSD is Alchemix’s yield-backed synthetic stablecoin, issued across five networks. Its dollar target is not a guarantee, so understand the peg, liquidity and contract risks before relying on it.
Market data
ALUSD market data
- Market cap
- $10.4M
- Rank #1,198
- Fully diluted value
- $10.4M
- Volume (24h)
- $26.2K
- Change 7d / 30d
- +0.6% / +2.3%
- Change 1y
- −2.4%
- Circulating supply
- 10.8M
- Total / max supply
- 10.8M / ∞
- All-time high
- $2.19
- Mar 10, 2026
- All-time low
- $0.0001607
- Aug 13, 2026
## What does holding ALUSD actually mean?
What does holding ALUSD actually mean?
Alchemix USD (ALUSD) is a synthetic stablecoin designed to track the US dollar and backed by yield-generating assets through the Alchemix protocol. It is not the same as holding dollars in a bank account or a token issued by a company promising cash redemption. Its intended dollar value is a target, not a guarantee: market demand, available liquidity and protocol conditions can move ALUSD away from $1.
You may be able to use ALUSD in DeFi applications that support it, such as for trading or other on-chain transactions. Support varies by application and network, so check that a service accepts the exact ALUSD version you hold. Holding the token alone should not be treated as automatically earning yield. ALUSD is also distinct from ALCX, Alchemix’s separate governance token.
## Which chains and wallets support ALUSD?
Which chains and wallets support ALUSD?
ALUSD is issued on Ethereum, Optimism, Fantom, Arbitrum and Metis. It is not the native token of any of those networks. Before sending or receiving it, confirm that both your wallet and the destination service support ALUSD on the same chain. A token balance on one network will not automatically appear as a usable balance on another.
A self-custody wallet that supports the relevant network and token standard can hold ALUSD, but wallet support does not guarantee that a particular DeFi app or exchange will accept it. If you use a bridge to move tokens between networks, check the bridge and the destination token carefully; bridges and wrapped versions introduce additional risks. Confirm the network and recipient address before sending, and consider a small test transfer if you are unfamiliar with the route. Never rely on a token name or ticker alone to identify a contract.
## How much ALUSD exists, and does its price stay at $1?
How much ALUSD exists, and does its price stay at $1?
As of November 8, 2026, circulating and total supply were both about 10.8 million ALUSD. No maximum supply is published. On that date, ALUSD traded at about $0.97, with a reported market capitalization of roughly $10.4 million. These are snapshots, not fixed values: supply, price and market capitalization can change, and a market price does not promise that you can redeem each token for one dollar.
The reported 24-hour trading volume was about $26,000 as of the same date. That is a relatively small snapshot of trading activity, so check current liquidity before making a transaction; a displayed price may not be the price available for a larger order. If ALUSD trades below its intended dollar value, consider whether the discount reflects limited demand, liquidity or concern about the protocol. A peg can recover, but recovery is not assured.
## What should you check before storing or using ALUSD?
What should you check before storing or using ALUSD?
ALUSD depends on Alchemix’s contracts and the yield-generating assets behind its design. A contract flaw, exploit, operational problem or change in yield conditions could affect the protocol or confidence in the token. Stablecoin prices can also depeg, and thin liquidity can make it harder to trade near the intended dollar value. Using a bridge adds risks from both the bridge and the destination network. No smart-contract system removes these risks.
For self-custody, keep your recovery phrase offline and private, use a wallet you control, and verify the network and token contract through Alchemix’s official channels before adding or transferring a token. A mistaken transfer may be difficult or impossible to reverse. Check the current contract status, liquidity and any withdrawal or redemption conditions before relying on ALUSD for a payment or short-term cash need. Do not hold funds you cannot afford to lose in a protocol you have not assessed.
By the numbers
Alchemix USD in numbers
Alchemix USD (ALUSD) is ranked #1,198 by market capitalisation, with a market cap of about $10.4M and a price of $0.9673 as of Nov 8, 2026. Its fully diluted valuation ($10.4M) is close to its market cap, so little new supply is still to come.
The price was up 0.6% over 7 days, up 2.3% over 30 days, down 2.4% over the past year. It trades about 56% below its all-time high of $2.19, set on Mar 10, 2026.
About 10.8M ALUSD are in circulation. No hard maximum supply is listed, so new tokens can still be issued.
24-hour trading volume was about $26.2K, or 0.3% of its market cap: low turnover, so large orders can move the price.
ALUSD has token contracts on 5 chains we track, including Ethereum, Optimism, Fantom, Arbitrum. Always check the contract address before buying or bridging: copycat tokens often reuse a well-known name and ticker.
CoinGecko groups ALUSD under Stablecoins.
Where it runs
ALUSD chains and contract addresses
| Chain | Contract |
|---|---|
| Ethereum | 0xbc6da0…3660e9 |
| Optimism | 0xcb8fa9…a3326a |
| Fantom | 0xb67fa6…6a532e |
| Arbitrum | 0xcb8fa9…a3326a |
| Metis | 0x303241…d8faf3 |
Contract addresses as listed by CoinGecko. Verify them on the project's own channels before sending funds.
Similar tokens
Stablecoins near ALUSD in market cap
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Youves uUSD#1139 · $0.9986 · −0.7% 7d
USDM#1144 · $0.9881 · −1.4% 7d
Stable Coin#1183 · $0.9990 · −0.1% 7d
Forest Road USDfr#1186 · $0.9992 · −0.2% 7d
eUSD#1199 · $1.02 · +2.5% 7d
USDA#1233 · $0.9997 · +0.0% 7d
Defi.money#1237 · $0.9942 · +0.0% 7d
Indigo Protocol iUSD#1269 · $0.9944 · +0.8% 7d
Rupiah Token#1291 · $0.00005180 · −4.5% 7d
USD.infra#1305 · $0.9990 · −0.1% 7d
ALUSD FAQs
Is ALUSD always worth one dollar?
ALUSD is designed to track one US dollar, but its market price can move above or below that target. It is not the same as cash or a guaranteed dollar redemption.
Which networks is ALUSD on?
ALUSD is issued on Ethereum, Optimism, Fantom, Arbitrum and Metis. Check the network before you send it, because a wallet or service may support ALUSD on one chain but not another.
What is the supply of ALUSD?
As of November 8, 2026, circulating and total supply were each about 10.8 million ALUSD. No maximum supply is published, and the figure can change.
Does holding ALUSD earn yield?
Not necessarily. ALUSD is a synthetic stablecoin supported by the Alchemix protocol’s yield-backed design; simply holding the token should not be assumed to earn yield.
What are the main risks of holding ALUSD?
The main risks include losing its dollar peg, limited liquidity, smart-contract or protocol problems, and risks from using a bridge. Consider these risks before treating ALUSD as cash or using it for funds you need soon.
What is the market cap of Alchemix USD?
As of Nov 8, 2026, Alchemix USD had a market cap of about $10.4M, ranking #1,198 among cryptocurrencies by market capitalisation. Market cap is price multiplied by circulating supply, so it moves with the price.
What is the all-time high of ALUSD?
Alchemix USD's all-time high is $2.19, reached on Mar 10, 2026. Its all-time low is $0.0001607 (Aug 13, 2026). Past prices say nothing about future returns.
What is the circulating supply of ALUSD?
As of Nov 8, 2026, about 10.8M ALUSD were in circulation; no fixed maximum supply is listed.
Which blockchains is ALUSD on?
It has token contracts on Ethereum, Optimism, Fantom, Arbitrum, Metis.