Ebisu ebUSD (ebUSD) stablecoin analytics
Answer First
What is Ebisu ebUSD (ebUSD)?
ebUSD is Ebisu's overcollateralized USD stablecoin minted from Liquity-v2 CDP branches backed by weETH, sUSDe, WBTC, LBTC, and stcUSD on Ethereum and Plasma. The static profile records its US Dollar peg mechanism as: Overcollateralized CDP with Liquity v2-style user-set interest rates and redemptions; production deployments mint natively on both Ethereum and Plasma
Is ebUSD safe?
Ebisu ebUSD is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a CeFi-Dependent governance model, Crypto-Collateralized backing, curated reserve profile, and notes that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies.
Static Profile
Static stablecoin profile
Ebisu ebUSD (ebUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Aug 11, 2026
Ebisu's ebUSD was a Liquity V2-style CDP with one of the most eclectic collateral baskets Pharos tracked: sUSDe, WBTC, LBTC, stcUSD, and weETH mixed into overcollateralized branches deployed natively on Ethereum and Plasma. The mechanism was sound; the market never showed up. Supply peaked near $815K and had bled below $25K by the time the team announced a wind-down on July 29, 2026: minting paused, users asked to close Troves and pull Stability Pool and DEX deposits, and the frontend slated for deprecation at...
AI summary · drafted by claude-fable-5 · facts as of Aug 11, 2026
Sources: Ebisu sunset announcement and DefiLlama ebUSD circulating supply (Aug 11, 2026)
- Collateral
- Overcollateralized CDP markets on Ethereum and Plasma using weETH, sUSDe, WBTC, LBTC, and stcUSD; the live adapter reports current per-branch shares, with WETH and XPL configured as additional dormant branches
- Peg Mechanism
- Overcollateralized CDP with Liquity v2-style user-set interest rates and redemptions; production deployments mint natively on both Ethereum and Plasma
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
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.
ebUSD quick answers
What is Ebisu ebUSD (ebUSD)?
ebUSD is Ebisu's overcollateralized USD stablecoin minted from Liquity-v2 CDP branches backed by weETH, sUSDe, WBTC, LBTC, and stcUSD on Ethereum and Plasma. The static profile records its US Dollar peg mechanism as: Overcollateralized CDP with Liquity v2-style user-set interest rates and redemptions; production deployments mint natively on both Ethereum and Plasma
Is ebUSD safe?
Ebisu ebUSD is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a CeFi-Dependent governance model, Crypto-Collateralized backing, curated reserve profile, and notes that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies.
What backs ebUSD?
Pharos classifies ebUSD backing as Crypto-Collateralized. Collateral, per the static profile: Overcollateralized CDP markets on Ethereum and Plasma using weETH, sUSDe, WBTC, LBTC, and stcUSD; the live adapter reports current per-branch shares, with WETH and XPL configured as additional dormant branches Reserve evidence: curated reserve profile.
Can ebUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. ebUSD is a frozen Pharos archive; the recorded history below is read-only.