Dola USD Stablecoin price

Reference · reviewed 14 Nov 2026

What Dola USD Stablecoin is

Dola USD Stablecoin (DOLA) is a dollar-denominated stablecoin token connected to the Dola protocol. Its banking interface is available through inverse.finance/banking. It is designed to combine a dollar peg with a yield-bearing structure, rather than serve as a conventional investment token whose main purpose is appreciation. In practical terms, DOLA is intended to represent a stable dollar balance for use in compatible applications, with the protocol’s reserve strategy supplying the yield side of the design.

What DOLA is used for

DOLA’s main role is to hold value close to $1 and serve as a unit of account in digital transactions. It can be used wherever the protocol or connected services accept it. The yield-bearing design links DOLA to reserves designed around tokenized short-term government instruments, with that return reflected through the protocol’s design rather than through a promise of trading profits. This structure is intended to make holding and redeeming DOLA resemble using a dollar savings balance.

Supply

As of November 2026, DOLA has a circulating supply of 90,736,177 tokens, a total supply of 185,864,118 tokens, and a maximum supply of 205,813,273 tokens. The stated issuance is 44.1% of the maximum.

Circulating supply is the amount available for circulation. Total supply includes tokens issued but not necessarily in active circulation. The maximum is the protocol’s stated ceiling: if enforced, issuance cannot exceed it. An uncapped token could expand indefinitely, while a capped token limits potential expansion. Either arrangement can influence scarcity, but supply alone does not determine value or demand.

How Dola USD Stablecoin has traded

Like other stablecoins, DOLA is meant to trade close to $1. Redemption, market activity and arbitrage are generally intended to keep the market price aligned with the dollar peg. A sustained move away from $1 can signal weaker demand, redemption problems, reserve concerns or an imbalance between buyers and sellers. It does not by itself show which of these factors is responsible.

History includes clear past deviations from the peg. DOLA first traded at $0.9772 in March 2021, below $1. Its all-time high was $14.49 on 25 June 2023, far above the dollar peg. These are historical observations, not a forecast.

Risks to understand

• Peg risk: DOLA can trade above or below $1 if confidence, liquidity, redemption or reserves weaken.
• Reserve and yield risk: Changes in the value or income of underlying short-term government instruments can affect backing and returns.
• Smart contract risk: Bugs or failures in minting, redemption or accounting can cause losses or disruptions.
• Operational concentration: Dependence on the protocol’s issuer, operators, contracts and service interfaces creates outages and counterparty risks.
• Regulatory risk: Rules covering stablecoins, reserves, redemption, yield and use may change and affect their operation or availability.