Etherfuse CETES (CETES) quarantined stablecoin record
Live tracking temporarily paused
Temporarily withheld because permitted runtime sources do not provide a positive circulating supply or market cap.
Effective 2026-07-15; review due 2026-08-15
Answer First
What is Etherfuse CETES (CETES)?
CETES is Etherfuse's tokenized fund tracking short-term Mexican federal Treasury bonds, NAV-accruing in MXN and redeemable through KYC'd subscription. The static profile records its Mexican Peso-denominated NAV accounting mechanism as: NAV-accreting token; price starts near MXN 1.00 and appreciates continuously as zero-coupon CETES bonds discount to face value; bonds rolled at each maturity date; subscription and redemption through Etherfuse at current NAV; KYC required
Is CETES safe?
Etherfuse CETES is not in Pharos's active universe. Temporarily withheld because permitted runtime sources do not provide a positive circulating supply or market cap.
Static Profile
Static stablecoin profile
Etherfuse CETES (CETES) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Mexican Peso-denominated NAV.
AI summary / Updated Aug 11, 2026
CETES is Etherfuse's tokenized wrapper around Mexico's Treasury bills, zero-coupon sovereign debt auctioned weekly, NAV-accreting in MXN, held through INDEVAL custody with monthly BHR México reasonable-assurance attestations that fully reconcile assets against liabilities. The structure stacks three dependencies: the peso, the BBB- sovereign, and the issuer. FX risk for dollar-denominated holders never shows up in the yield headline. Deployed across five chains from Solana to Stellar behind KYC-gated minting, it...
AI summary · drafted by claude-fable-5 · facts as of Aug 11, 2026
- Collateral
- Short-term Mexican federal government bonds (CETES: Certificados de la Tesorería de la Federación), BBB- rated sovereign debt with maturities set by government auctions; held in segregated custody through INDEVAL (Instituto para el Depósito de Valores) via participating brokerages
- Peg Mechanism
- NAV-accreting token; price starts near MXN 1.00 and appreciates continuously as zero-coupon CETES bonds discount to face value; bonds rolled at each maturity date; subscription and redemption through Etherfuse at current NAV; KYC required
- Jurisdiction
- Mexico
- Proof Of Reserves
- Independent Audit by BHR México Reserve source
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Aug 11, 2026.
CETES quick answers
What is Etherfuse CETES (CETES)?
CETES is Etherfuse's tokenized fund tracking short-term Mexican federal Treasury bonds, NAV-accruing in MXN and redeemable through KYC'd subscription. The static profile records its Mexican Peso-denominated NAV accounting mechanism as: NAV-accreting token; price starts near MXN 1.00 and appreciates continuously as zero-coupon CETES bonds discount to face value; bonds rolled at each maturity date; subscription and redemption through Etherfuse at current NAV; KYC required
Is CETES safe?
Etherfuse CETES is not in Pharos's active universe. Temporarily withheld because permitted runtime sources do not provide a positive circulating supply or market cap.
What backs CETES?
Pharos classifies CETES backing as Real-World Asset Backed. Collateral, per the static profile: Short-term Mexican federal government bonds (CETES: Certificados de la Tesorería de la Federación), BBB- rated sovereign debt with maturities set by government auctions; held in segregated custody through INDEVAL (Instituto para el... Reserve evidence: Independent Audit from BHR México.
Can CETES be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. CETES is outside active monitoring; this static record preserves the reviewed control context.