Re Protocol reUSD (reUSD) stablecoin analytics
Answer First
What is Re Protocol reUSD (reUSD)?
reUSD is Re Protocol's senior NAV-based tranche, backed by onchain sUSDe-centered liquidity and offchain Regulation 114 trust collateral (Cayman Islands). The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-based token price recalculated daily at UTC 00:00 from a blend of the offchain SOFR-based return and the onchain trailing sUSDe basis rate, plus 250 bps; instant redemptions are liquidity-limited and fall back to a quarterly queue
Is reUSD safe?
reUSD holds a C Safety Score grade (57/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Re Protocol reUSD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from The Network Firm live daily on-chain transparency dashboard (current through 2026-08-08; the only formal TNF artefact is an AUP report dated 2025-10-31, ~9 months old, so periodic-report framing would overstate freshness); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Re Protocol reUSD (reUSD) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
Re Protocol's reUSD is the senior NAV-appreciating tranche of a reinsurance-capital structure, issued from the Cayman Islands to eligible non-U.S. persons. The reserve split is now dominated by the off-chain leg: the live Re Metrics feed for August 2026 puts roughly four fifths of the book in Regulation 114 trust collateral supporting reinsurance contracts, measured only in aggregate, with the on-chain remainder concentrated in sUSDe delta-neutral basis-trade exposure plus small USDC, USDT, and LP positions. That...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Re Protocol About reUSD
- Collateral
- At least 50% of the high-water-mark capital remains onchain as redemption liquidity, primarily sUSDe; up to 50% is deployed offchain into Regulation 114 trust accounts as collateral supporting reinsurance contracts
- Peg Mechanism
- NAV-based token price recalculated daily at UTC 00:00 from a blend of the offchain SOFR-based return and the onchain trailing sUSDe basis rate, plus 250 bps; instant redemptions are liquidity-limited and fall back to a quarterly queue
- Jurisdiction
- Cayman Islands / Exempted Limited Guarantee Foundation Company (IC-414560)
- Proof Of Reserves
- Real-Time PoR by The Network Firm live daily on-chain transparency dashboard (current through 2026-08-08; the only formal TNF artefact is an AUP report dated 2025-10-31, ~9 months old, so periodic-report framing would overstate freshness) Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety reusd-re-protocol
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.
reUSD quick answers
What is Re Protocol reUSD (reUSD)?
reUSD is Re Protocol's senior NAV-based tranche, backed by onchain sUSDe-centered liquidity and offchain Regulation 114 trust collateral (Cayman Islands). The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-based token price recalculated daily at UTC 00:00 from a blend of the offchain SOFR-based return and the onchain trailing sUSDe basis rate, plus 250 bps; instant redemptions are liquidity-limited and fall back to a quarterly queue
Is reUSD safe?
reUSD holds a C Safety Score grade (57/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Re Protocol reUSD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from The Network Firm live daily on-chain transparency dashboard (current through 2026-08-08; the only formal TNF artefact is an AUP report dated 2025-10-31, ~9 months old, so periodic-report framing would overstate freshness); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs reUSD?
Pharos classifies reUSD backing as Real-World Asset Backed. Collateral, per the static profile: At least 50% of the high-water-mark capital remains onchain as redemption liquidity, primarily sUSDe; up to 50% is deployed offchain into Regulation 114 trust accounts as collateral supporting reinsurance contracts Reserve evidence: Real-Time PoR from The Network Firm live daily on-chain transparency dashboard (current through 2026-08-08; the only formal TNF artefact is an AUP report dated 2025-10-31, ~9 months old, so periodic-report framing would overstate freshness).
Can reUSD 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 reUSD, when applicable, appear in the dossier below.
