Profile
AA_FalconXUSDC profile facts
Pareto FalconX Credit Vault (AA_FalconXUSDC) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg USDC-denominated NAV.
Variant relationship
Pareto FalconX Credit Vault (AA_FalconXUSDC) is modeled as a strategy vault variant of USD Coin (USDC). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- A senior (AA) tranche claim on a single-obligor FalconX credit facility curated by M11 Credit. USDC is sent to the borrower's wallet rather than held as collateral, so the vault's asset is the FalconX receivable. Issuers cite overcollateralized loans and transaction-level collateral; the loan tape is unpublished.
- Peg mechanism
- NAV-style credit vault token with monthly redemption mechanics; not a Falcon Finance USDf or MEV Capital strategy token.
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
AA_FalconXUSDC quick answers
5
What is Pareto FalconX Credit Vault (AA_FalconXUSDC)?
AA_FalconXUSDC is a Pareto FalconX Credit Vault token: USDC exposure to FalconX institutional credit lines curated by M11 Credit. The static profile records its USDC-denominated NAV accounting mechanism as: NAV-style credit vault token with monthly redemption mechanics; not a Falcon Finance USDf or MEV Capital strategy token.
Is AA_FalconXUSDC safe?
As of Nov 8, 2026, Pharos grades AA_FalconXUSDC D (49/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to whitelisted primary-market participants. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs AA_FalconXUSDC?
AA_FalconXUSDC's collateral, per its Pharos profile: A senior (AA) tranche claim on a single-obligor FalconX credit facility curated by M11 Credit. USDC is sent to the borrower's wallet rather than held as collateral, so the vault's asset is the FalconX receivable. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Real-World Asset Backed.
Can AA_FalconXUSDC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem AA_FalconXUSDC?
Under the route Pharos reviewed on May 12, 2026, whitelisted primary-market participants can redeem AA_FalconXUSDC for USDC. Settlement takes multiple days. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
