HeLa USD (HLUSD) quarantined stablecoin record
Live tracking temporarily paused
2026-10-30 review: no supported-chain contract exists, so no on-chain supply path can be probed. CoinGecko remains frozen at 2026-08-14 with zero volume and no tickers; no native-HeLa supply reader is reachable. Re-source an issuer supply feed.
Effective 2026-10-30; review due 2026-11-29; Biconomy announcement on the suspension of HLUSD trading
Answer first
What is HeLa USD (HLUSD)?
HLUSD is the HeLa ecosystem's centralized dollar stablecoin, backed by fiat and fiat-equivalent reserves and used as the HeLa runtime settlement asset. The static profile records its US Dollar peg mechanism as: Fiat-collateralized 1:1 USD peg: HLUSD is minted against off-chain USDC reserves and redeemable at 1 HLUSD = 1 USD, with issuance and redemption controlled by HeLa's on-chain role-based mint/burn governance (MintProposer/MintVoter quorum and Admin).
Is HLUSD safe?
HeLa USD is not in Pharos's active universe. 2026-10-30 review: no supported-chain contract exists, so no on-chain supply path can be probed. CoinGecko remains frozen at 2026-08-14 with zero volume and no tickers; no native-HeLa supply reader is reachable. Re-source an issuer supply feed.
Profile
HLUSD profile facts
HeLa USD (HLUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Oct 19, 2026
HLUSD is the HeLa ecosystem's centralized dollar stablecoin and the native gas token of HeLa's own runtime, a chain Pharos does not model as a contract platform. HeLa's documentation states that HLUSD is fully backed by custodial USDC managed by a licensed financial institution in Australia, which it does not name, and that one HLUSD equals one dollar. No dated attestation, auditor report or reserve-to-liability reconciliation is published, so the backing claim rests on issuer text alone.
AI summary · drafted by claude-opus-5-5 · facts as of Oct 19, 2026
- Collateral
- Off-chain USDC reserves held with a licensed financial institution in Australia, backing HLUSD redeemable 1:1 for the U.S. dollar
- Peg mechanism
- Fiat-collateralized 1:1 USD peg: HLUSD is minted against off-chain USDC reserves and redeemable at 1 HLUSD = 1 USD, with issuance and redemption controlled by HeLa's on-chain role-based mint/burn governance (MintProposer/MintVoter quorum and Admin). HLUSD also serves as HeLa Chain's native gas token. Pricing and market-cap coverage are sourced from CoinGecko because the native HeLa chain is not modeled in Pharos.
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- No contract deployments are listed in the static profile.
Next actions
This record preserves static and historical context; live actions are available only for active assets.
Source: Pharos registry profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Oct 19, 2026.
HLUSD quick answers
What is HeLa USD (HLUSD)?
HLUSD is the HeLa ecosystem's centralized dollar stablecoin, backed by fiat and fiat-equivalent reserves and used as the HeLa runtime settlement asset. The static profile records its US Dollar peg mechanism as: Fiat-collateralized 1:1 USD peg: HLUSD is minted against off-chain USDC reserves and redeemable at 1 HLUSD = 1 USD, with issuance and redemption controlled by HeLa's on-chain role-based mint/burn governance (MintProposer/MintVoter quorum and Admin).
Is HLUSD safe?
HeLa USD is not in Pharos's active universe. 2026-10-30 review: no supported-chain contract exists, so no on-chain supply path can be probed. CoinGecko remains frozen at 2026-08-14 with zero volume and no tickers; no native-HeLa supply reader is reachable. Re-source an issuer supply feed.
What backs HLUSD?
Pharos records HLUSD's reserves as of Aug 20, 2026 as 100% USDC reserves. Reserve evidence: curated reserve profile. Pharos classifies the backing as Real-World Asset Backed.
Can HLUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. HLUSD is outside active monitoring; this static record preserves the reviewed control context.