swanUSD stablecoin status and tracking
swanUSD is a SwanDAO-governed dollar stablecoin minted against wstETH on Inverse Finance's Monolith CDP factory, live on Ethereum since October 2026.
Phase
Current launch phase
Launched
Public on-chain issuance
Tracking review
Pharos decision due
Since launch
Announced Oct 22, 2026
Live surfaces
Awaiting admissible dataMissing lane: price. No CoinGecko or DefiLlama stablecoin listing exists, and DefiLlama's contract quote was about two hours old on October 25 2026, outside the 15-minute freshness budget. Supply is readable on-chain.Launch path
Launched Oct 22, 2026, awaiting admissible data; 1 milestone logged since Oct 22, 2026.
Launch status narrative
Monolith announced on October 22 2026 that swanUSD is live on Ethereum as a DAO-governed stablecoin backed by wstETH, built on Inverse Finance's Monolith factory (V2 deployment index 2). The token 0x9bf2b2f57a2968a0e81546ed50cbbbb7c9d6e05e (18 decimals, Ethereum only) is a non-proxy Coin contract whose only minter is its Lender; supply was 213,731.85 at block 26268775 on October 25 2026. Pharos tracks it pre-launch because no price source admits it: there is no CoinGecko or DefiLlama stablecoin listing, and DefiLlama's contract quote was about two hours old on October 25, outside the 15-minute freshness budget.
Launch status: quick answers
- When did swanUSD launch?
- swanUSD launched publicly on-chain on Oct 22, 2026, per its sourced launch milestone.
- Who issues swanUSD?
- swanUSD is a SwanDAO-governed dollar stablecoin minted against wstETH on Inverse Finance's Monolith CDP factory.
- Is swanUSD live yet?
- Yes, swanUSD has been live since Oct 22, 2026. Pharos does not track it yet. Missing lane: price. No CoinGecko or DefiLlama stablecoin listing exists, and DefiLlama's contract quote was about two hours old on October 25 2026, outside the 15-minute freshness budget. Supply is readable on-chain. Its price, supply, liquidity and Safety Score are unavailable on Pharos, not zero, until both a price and a supply source can be verified.
- Which chains does swanUSD use?
- The registry records swanUSD deployments on Ethereum.
Activity
- Milestone
swanUSD launches on Monolith
Monolith announced that swanUSD is live on Ethereum as a DAO-governed stablecoin backed by wstETH and built on Inverse Finance's Monolith factory. Holders can stake it as sSwanUSD to earn protocol revenue. A 100,000 SWAN launch airdrop opened the same day.
Source