Safety Scores

Safety Score V9 combines three pillars: Backing, Exit, and Economic Control. Evidence quality, dependencies, access posture, binding caps, and peg behavior can limit the published score. The resulting 0–100 score maps to a letter grade from A+ to F, while insufficient evidence is shown as NR.

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.

Safety Score V9 is evaluated on the report-card producer cadence. If a transient infrastructure failure would create an unsupported downgrade, Pharos holds the last verified V9 ratings and shows the accepted and attempted times separately instead of publishing the failed attempt or falling back to V8.

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.

A C grade means the asset has meaningful weaknesses or evidence gaps in at least one V9 pillar. Strong backing alone cannot offset a weak exit route, concentrated economic control, or a binding structural cap.