Profile
scUSD profile facts
Rings scUSD (scUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
- Collateral
- Stablecoin deposits routed through Trevee (formerly Rings) / Veda BoringVault infrastructure into curated DeFi lending strategies (e.g. Aave, Morpho); supported collateral includes USDC, USDT, DAI, GHO, and Sonic USDC.e
- Peg mechanism
- Users deposit supported stablecoins to mint scUSD and redeem scAssets after a documented cooldown period; yield is primarily activated by staking scUSD into stkscUSD rather than by holding liquid scUSD itself.
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- Self-Reported PoR by Trevee / Veda backing addresses Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
scUSD quick answers
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What is Rings scUSD (scUSD)?
scUSD is Rings' wrapper minted from supported stablecoins routed through Veda BoringVault DeFi strategies; yield is activated by staking into stkscUSD. The static profile records its US Dollar peg mechanism as: Users deposit supported stablecoins to mint scUSD and redeem scAssets after a documented cooldown period; yield is primarily activated by staking scUSD into stkscUSD rather than by holding liquid scUSD itself.
Is scUSD safe?
As of Nov 8, 2026, Pharos grades scUSD C- (51/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs scUSD?
Pharos records scUSD's reserves as of Jul 30, 2026 as 100% Pooled stablecoin and Veda DeFi strategy basket. Reserve evidence: Self-Reported PoR by Trevee / Veda backing addresses. Pharos classifies the backing as Crypto-Collateralized.
Can scUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem scUSD?
Under the route Pharos reviewed on Jul 27, 2026, any holder can redeem scUSD for USDC, USDT, and DAI. Settlement takes multiple days. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
