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Market cap
DeFiLlama estimate
DIA price
Total supply
Holders
53.4M NUSD
717holders
Measured on Ethereum. Shares are of the Ethereum supply, not the multi-chain total.
0 NUSDsince Fri, Aug 28 UTC
Change in the supply DIA reads across this coin’s chains, between two daily snapshots. Not mints minus redeems: DIA does not publish issuance flow.
Market data · CoinGecko
Market data · CoinGecko
Circulating supply · DeFiLlama
Aggregator figure, not a contract read. DIA’s own onchain supply is the separate series below.
Percentage change in NUSD's circulating supply as reported by DeFiLlama, measured against that source's own past. It is not a change in the onchain supply above, which DIA reads from the contracts directly and which is a different measurement of the same coin. A dash means the map has no reading close enough to the start of the window, a stretch inside it where supply was not reported at all, or a starting figure too small for a percentage to describe. Hover a dash for which.
DIA price
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Peg deviation
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Peg currency
USD
Primary use
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Last snapshot
Fri, Sep 4 UTC
NUSD is a synthetic dollar stablecoin from Neutrl Labs. It is collateralized by discounted OTC altcoin positions that are hedged with delta-neutral perpetual futures, passing yield to holders.
Neutrl is a protocol. NUSD is minted against hedged positions rather than backed by a fiat reserve, so it carries no issuer licence. The mechanism sources collateral at a discount, which is where the yield comes from.
The token is deployed on Ethereum per the verified contract set DIA holds.
Sources: docs.neutrl.fi/introduction/what-is-neutrl, www.globenewswire.com/news-release/2025/04/17/3063560/0/en/STIX-and-Accomplice-Lead-Neutrl-s-5-Million-Raise-to-Launch-NUSD-a-High-Yield-Synthetic-Dollar.html
NUSD is synthetic. Its backing is discounted OTC altcoin collateral hedged with delta-neutral perpetual futures, with yield passed to holders. The peg is maintained by that hedging rather than by a fiat reserve.
Because the mechanism is onchain, DIA's supply read and the protocol's collateral state are the same class of evidence. This page does not present a fiat reserve that NUSD does not hold.
What DIA reads regardless. Supply is read from contract state on the chains DIA indexes.
Sources: docs.neutrl.fi/introduction/what-is-neutrl, www.globenewswire.com/news-release/2025/04/17/3063560/0/en/STIX-and-Accomplice-Lead-Neutrl-s-5-Million-Raise-to-Launch-NUSD-a-High-Yield-Synthetic-Dollar.html
The structural risk to state for NUSD is its synthetic mechanism: the peg depends on the delta-neutral hedging strategy and on the OTC collateral holding its value under stress, which differs from a fully collateralised fiat coin.
The OTC collateral is the soft spot: a discounted altcoin position can move against the hedge precisely when liquidity tightens. Neutrl's issuer and licence posture was not fully documented in the evidence pull. The honest statement is a synthetic dollar with hedged onchain collateral.
Supply is read from the Ethereum leg of the onchain record as of the 2026-08-05 snapshot.
Sources: docs.neutrl.fi/introduction/what-is-neutrl, www.globenewswire.com/news-release/2025/04/17/3063560/0/en/STIX-and-Accomplice-Lead-Neutrl-s-5-Million-Raise-to-Launch-NUSD-a-High-Yield-Synthetic-Dollar.html
DIA reads NUSD supply from contract state on the chains it indexes. That is proof of onchain supply, not proof of a fiat reserve.
Sources: docs.neutrl.fi/introduction/what-is-neutrl, www.globenewswire.com/news-release/2025/04/17/3063560/0/en/STIX-and-Accomplice-Lead-Neutrl-s-5-Million-Raise-to-Launch-NUSD-a-High-Yield-Synthetic-Dollar.html
0xe556aba6…2c811bceExplorer ↗Supply on this page is read from these contracts. Addresses are verified by DIA against the issuer’s own published documentation.
0xe556aba6…2c811bcemint(address,uint256)Read from the deployed contract. “Not determined” means the contract’s full function set could not be enumerated, not that the capability is absent: a bytecode scan can confirm that a function exists and can never prove that one does not.