PHT Stablecoin (PHT) stablecoin analytics
PHT is APACX's Philippine peso CDP stablecoin using approved stablecoin collateral such as USDC/USDT, with apcxUSDT live in beta transparency.
Static Profile
Static stablecoin profile
PHT Stablecoin (PHT) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Philippine Peso.
AI summary / Updated Jun 12, 2026
PHT is APACX's Philippine-peso stablecoin built like a Maker-style CDP system, but the beta reserve reality is narrower than the architecture brochure. Current Pharos metadata points to apcxUSDT wrapper collateral as the live reserve line, with apcxUSDC described as planned...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- Collateral
- MakerDAO-style CDP vaults using approved stablecoin collateral, with USDC/USDT described for the initial stage; APACX transparency currently lists apcxUSDT and planned apcxUSDC beta reserve wallets.
- Peg Mechanism
- Overcollateralized CDP vaults (MakerDAO MCD fork): users deposit approved collateral to mint PHT; undercollateralized vaults liquidate through independent Dutch auctions; live stablecoin paths divide Chainlink stablecoin/USD numerators by an owner-set APACX PHP/USD denominator; LayerZero OFT supports cross-chain bridging
- Jurisdiction
- Singapore
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is PHT safe?
Pharos does not mark PHT as absolutely safe. Static metadata says PHT Stablecoin uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety pht-pht
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 12, 2026.
PHT quick answers
What is PHT Stablecoin (PHT)?
PHT is APACX's Philippine peso CDP stablecoin using approved stablecoin collateral such as USDC/USDT, with apcxUSDT live in beta transparency. The static profile records its Philippine Peso peg mechanism as: Overcollateralized CDP vaults (MakerDAO MCD fork): users deposit approved collateral to mint PHT; undercollateralized vaults liquidate through independent Dutch auctions; live stablecoin paths divide Chainlink stablecoin/USD numerators by...
Is PHT safe?
Pharos does not mark PHT as absolutely safe. Static metadata says PHT Stablecoin uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs PHT?
Pharos classifies PHT backing as Crypto-Collateralized. Collateral, per the static profile: MakerDAO-style CDP vaults using approved stablecoin collateral, with USDC/USDT described for the initial stage; APACX transparency currently lists apcxUSDT and planned apcxUSDC beta reserve wallets. Reserve evidence: live reserve feed configured.
Can PHT be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for PHT, when applicable, appear in the dossier below.