Safety Scores
Every active stablecoin graded on Backing, Exit, and Economic Control, distilled into one safety grade.
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Frequently asked questions
How are stablecoin safety grades calculated?
Safety Score V10 combines three pillars: Backing, Exit, and Economic Control. Proven pipeline or public-curation gaps do not score: partial ratings use available evidence, while fewer than two available pillars shows Pipeline gap with no score or grade. Genuine rating withholds are shown as NR. Rated 0–100 scores map to A+ through F.
What do the three V10 pillars measure?
Backing measures the quality and reliability of the assets supporting a stablecoin. Exit measures whether holders can leave at meaningful size through independent routes. Economic Control measures governance, issuance, transfer, and intervention powers that can affect holders.
How often do safety grades change?
Pharos evaluates safety grades every hour. If an update cannot be verified, the last verified ratings remain visible with their publication time and an update notice.
What should I do with this information?
Safety grades are one input into your own risk assessment, not financial advice. Review the three pillars, binding caps, evidence level, and dependency information before relying on an overall grade.
Why do most stablecoins receive a C grade?
A C grade means the asset has meaningful weaknesses or evidence gaps in at least one V10 pillar. Strong backing alone cannot offset a weak exit route, concentrated economic control, or a binding structural cap.