Polymarket USD (PUSD) stablecoin analytics
Answer First
What is Polymarket USD (PUSD)?
PUSD is Polymarket's USDC-backed prediction-market account stablecoin on Polygon; minted when users deposit USDC and redeemable through the Polymarket app. The static profile records its US Dollar peg mechanism as: Minted when users deposit supported USDC into Polymarket rails and redeemable back to USDC through the Polymarket application flow
Is PUSD safe?
PUSD holds a B+ Safety Score grade (79/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Polymarket USD 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.
Static Profile
Static stablecoin profile
Polymarket USD (PUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
Polymarket USD is the application-tier dollar balance token used around Polymarket deposits and withdrawals on Polygon, mapped to USDC and USDC.e rather than to a new reserve. Its collateral story is simple: the token wraps USDC held in one identified backing vault, so reserve risk is mostly wrapper, bridge, and app-access risk rather than a new asset mix. Pharos validates the vault balances against the Polygon contract and keeps the redemption path documented through Polymarket docs. The N/A overall grade leans...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- USDC and bridged USDC.e backing on Polygon used for Polymarket prediction-market account balances
- Peg Mechanism
- Minted when users deposit supported USDC into Polymarket rails and redeemable back to USDC through the Polymarket application flow
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Polygon.
Next Actions
Exact bot target: /subscribe dews,depeg,safety pusd-polymarket
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 Sep 7, 2026.
PUSD quick answers
What is Polymarket USD (PUSD)?
PUSD is Polymarket's USDC-backed prediction-market account stablecoin on Polygon; minted when users deposit USDC and redeemable through the Polymarket app. The static profile records its US Dollar peg mechanism as: Minted when users deposit supported USDC into Polymarket rails and redeemable back to USDC through the Polymarket application flow
Is PUSD safe?
PUSD holds a B+ Safety Score grade (79/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Polymarket USD 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 PUSD?
Pharos classifies PUSD backing as Crypto-Collateralized. Collateral, per the static profile: USDC and bridged USDC.e backing on Polygon used for Polymarket prediction-market account balances Reserve evidence: live reserve feed configured.
Can PUSD 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 PUSD, when applicable, appear in the dossier below.
