Profile
NUSD profile facts
Neutrl USD (NUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Other coins using the NUSD ticker
- Nexus USD (NUSD) · Active · US Dollar. NUSD is a legacy Synapse bridge-liquidity stable asset backed by a DAI/USDC/USDT pool.
- Collateral
- Neutrl describes NUSD as backed by crypto assets, liquid synthetic dollars, and corresponding short futures positions. Its September 17 redemption program uses previously disclosed liquid reserves; a current reconciled full reserve composition has not been verified.
- Peg mechanism
- Ordinary minting, redemptions, and other protocol functions were paused in August 2026 for a reserve-liquidity review. On September 17, Neutrl opened a separate fixed-rate redemption program paying USDC and burning redeemed NUSD or sNUSD, expected to remain open until November 14, 2026 subject to applicable terms. Wallet ownership must be verified by an onchain signature before redemption details are displayed. The permissionless-mint/KYC-redemption design in the docs predates the pause and is not evidence of restored par redemption.
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
NUSD quick answers
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What is Neutrl USD (NUSD)?
Neutrl's synthetic dollar: ordinary minting and redemptions paused in August 2026; a separate USDC redemption program opened September 17, subject to terms. The static profile records its US Dollar peg mechanism as: Ordinary minting, redemptions, and other protocol functions were paused in August 2026 for a reserve-liquidity review.
Is NUSD safe?
As of Oct 24, 2026, Pharos grades NUSD F (39/100) 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 holders the issuer accepts case by case. 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 NUSD?
Pharos records NUSD's reserves as of Aug 13, 2026 as 57.5% Stablecoin reserves, 18% OTC aggregate positions, 17% JLP (Jupiter Perps LP token), and 3 smaller holdings. Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.
Can NUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for NUSD, when applicable, appear in the live dossier on this page.
How do you redeem NUSD?
Under the route Pharos reviewed on Oct 2, 2026, holders the issuer accepts case by case can redeem NUSD for USDC. Redemption settles atomically on-chain. The reviewed redemption fee is 49%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
