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PHT profile facts

PHT Stablecoin (PHT) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg Philippine Peso.

Collateral
All existing PHT is claimed by APACX to have been minted using custodial apcxUSDT backed 1:1 by USDT at the disclosed Tron reserve address TCRjE31cgksHetFLQd6JENAfBfXhHjMEFU; direct USDT, USDC, and other collateral are described as future/instructional, while the unreconciled live ILK conflict remains disclosed.
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.
Contracts
3 deployments tracked across Ethereum, Polygon, and Tron.

Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.

PHT quick answers

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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 an owner-set APACX PHP/USD denominator; LayerZero OFT supports cross-chain bridging.

Is PHT safe?

As of Oct 25, 2026, Pharos grades PHT F (21/100) on its Safety Score. Pharos's reviews record that freeze exposure is inherited through upstream collateral, custody or wrappers. 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 PHT?

Pharos records PHT's reserves as of Jul 31, 2026 as 100% Current apcxUSDT-referenced collateral envelope (unreconciled). Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.

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.