---
title: "PHT Stablecoin (PHT) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/pht-pht/"
description: "Build-time stablecoin profile for PHT Stablecoin (PHT). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-18"
---



# PHT Stablecoin (PHT)

**Peg:** Philippine Peso

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

PHT uses APACX's MakerDAO-style multi-collateral design with approved stablecoins such as USDC and USDT. The current transparency page lists apcxUSDT and a planned apcxUSDC wallet, so reserve visibility supports multi-collateral stablecoin backing rather than a single fixed apcxUSDT-only reserve.

## 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 apcxUSDT as collateral to mint PHT; undercollateralized vaults liquidated via Dutch auction; Chainlink PHP/USD oracle; LayerZero OFT for cross-chain bridging

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Singapore | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xbe370ad45d44eb45174c4ec60b88839fef32c077` | 18 |
| polygon | `0xe75220cb014dfb2d354bb59be26d7458bb8d0706` | 18 |
| tron | `TXdN5fvFjCdqjWJRvWmBzSRLBN7JLYmmrs` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/pht-pht.