Market cap
$70.68M
-0.46 %
Volume (24h)
$348.35K
-0.46 %
Circulating supply
90,736,177 DOLA
Total supply
185,864,118 DOLA
Max. supply
205,813,273 DOLA
Dola USD Stablecoin (DOLA)
$ 0.99
-0.46 %
Main info
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Key data
updated $0Market cap$70.68M
Volume 24h$348.35K
Circulating supply90.74M44% of max 205.81M
All-time high$1.87-47% from peak · 2021-11-13
Dola USD Stablecoin (DOLA) is a decentralized stablecoin pegged to the US dollar, created by the Inverse Finance DeFi protocol. The idea is simple: one DOLA should always be worth roughly one dollar, but unlike bank-backed stablecoins, it's minted on-chain against crypto collateral rather than sitting in a company's bank account. Think of it as a dollar you can hold, send, and use across DeFi with no intermediary in the middle.
Frequently asked questions
What is DOLA, and how is it different from USDT or USDC?
The big difference is where the backing lives. USDT and USDC are issued by companies holding dollars in bank accounts, while DOLA is backed by on-chain collateral — crypto assets like ETH or BTC that borrowers lock up to mint it. That makes DOLA fully transparent on the blockchain, though its peg relies on market mechanics and collateral health rather than a promise to redeem dollars.
How does DOLA keep its $1 peg?
Every DOLA in circulation is backed by collateral worth more than the debt behind it, and positions that become undercollateralized can be liquidated to keep the system solvent. On top of that, borrowers must pay an ongoing funding fee in DBR (DOLA Borrowing Rights), which acts as a brake on supply growth. Whenever the price drifts from $1, arbitrage traders have an incentive to push it back.
How is new DOLA created?
New DOLA is only minted when someone borrows it from Inverse Finance's lending markets by locking up collateral — there's no central issuer with a printing press. The DBR funding fee self-regulates how fast supply can expand, keeping minting tied to real demand. When loans are repaid, the borrowed DOLA is returned and effectively removed from circulation, so supply contracts as well as grows.
How do I store and use DOLA?
DOLA is an ERC-20 token, so any Ethereum-compatible wallet — MetaMask, Rabby, or a hardware wallet like Ledger — works fine. It's also bridged to several other networks, so always double-check which chain you're on before sending funds. In practice, people use DOLA to park value in dollars on-chain, earn yield through lending and liquidity pools, or move money across DeFi without touching a bank.