---
title: "Spiko Amundi Overnight Swap Fund (SAFO) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/safo-spiko-usd/"
description: "Build-time stablecoin profile for Spiko Amundi Overnight Swap Fund (SAFO). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Spiko Amundi Overnight Swap Fund (SAFO)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

The USD share of Spiko/Amundi Smart Cash, using fully collateralized overnight total-return swaps — medium-risk RWA strategy exposure, not direct T-bills.

SAFO is the USD share class of Spiko / Amundi Smart Cash exposure using fully collateralized overnight total-return swaps. Pharos classifies the reserve as medium-risk {{term:rwa}}RWA{{/term}} strategy exposure rather than direct {{term:treasury}}Treasury{{/term}} bills because the fund structure routes exposure through swap counterparties and collateral packages, with the underlying behaving more like a regulated {{term:money-market-fund}}money-market fund{{/term}}. The primary market remains permissioned through Spiko rails, and the share price is supported by Spiko's regulated {{term:attestation}}attestation{{/term}} stack rather than direct {{term:redemption}}redemption{{/term}} at par.

## Collateral

USD share class of the Spiko / Amundi Smart Cash fund using fully collateralized total-return swaps with tier-1 bank counterparties and collateral made of liquid financial instruments / money-market fund exposure.

## Peg Mechanism

USD-denominated NAV-accreting share class; subscriptions and redemptions are KYC-gated through Spiko fund-transfer rails at the published fund NAV.

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| France | AMF | UCITS SICAV sub-fund |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xcbade7d9bdee88411cb6cbcbb29952b742036992` | 5 |
| polygon | `0x6f64f47f95cf656f21b40e14798f6b49f80b3dc5` | 5 |
| arbitrum | `0x0c709396739b9cfb72bcea6ac691ce0ddf66479c` | 5 |
| base | `0x0bb754d8940e283d9ff6855ab5dafbc14165c059` | 5 |
| starknet | `0x035bdc17f7a7d09c45d31ab476a576d4f7aad916676b2948fe172c3bcb33725a` | 5 |
| stellar | `CDGSC6BA4TCAOVSFQCUEHDMOIIHYYVNYBT6YEARS4MX3ITAHUINVGQHX` | 5 |
| etherlink | `0x5677a4dc7484762ffccee13cba20b5c979def446` | 5 |

## Live Data

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