Profile
trUSD profile facts
Tori trUSD (trUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
- Collateral
- Hedged, market-neutral positions: money markets and Treasury-collateralised reverse repo, listed-equity arbitrage, bank cash and derivatives margin, plus a minority of on-chain USDC/USDT; verified live by Accountable.
- Peg mechanism
- trUSD targets $1 through NAV arbitrage and a hedged reserve portfolio. Approved, KYC/AML-whitelisted participants can mint against supported assets and request repurchase for USDC or USDT, with disclosed 0.1% fees. Tori BVI terms make repurchases discretionary, cap the notional repurchase value at $1 per trUSD, and permit a lower or zero value; secondary holders have no primary repurchase right until approved.
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- Real-Time PoR by Accountable (confirmed: the issuer's live /api/solvency response carries dashboardUrl https://tori.accountable.capital, which serves the Accountable instance; app.tori.finance/transparency surfaces the same live solvency data) Reserve source
- Contracts
- 3 deployments tracked across Ethereum, Monad, and Pharos Network.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
trUSD quick answers
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What is Tori trUSD (trUSD)?
trUSD is Tori Finance's synthetic dollar wrapping delta-neutral institutional trading strategies, mintable 1:1 against USDC or USDT. The static profile records its US Dollar peg mechanism as: trUSD targets $1 through NAV arbitrage and a hedged reserve portfolio. Approved, KYC/AML-whitelisted participants can mint against supported assets and request repurchase for USDC or USDT, with disclosed 0.1% fees.
Is trUSD safe?
As of Nov 8, 2026, Pharos grades trUSD C- (53/100) 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 direct redemption is limited to holders the issuer accepts case by case. 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 trUSD?
Pharos records trUSD's reserves as of Oct 27, 2026 as 73% Hedged money-market positions at undisclosed custodians (asset-manager mandate), 10.3% Cash and equivalents held as FX collateral at investment banks and exchange venues, 9.3% Delta-neutral equity arbitrage: long listed-equity book hedged with short single-stock futures, and 8 smaller holdings. Reserve evidence: Real-Time PoR. Pharos classifies the backing as Crypto-Collateralized.
Can trUSD 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 trUSD?
Under the route Pharos reviewed on Aug 13, 2026, holders the issuer accepts case by case can redeem trUSD for an unresolved output asset. Redemption settles atomically on-chain. The reviewed redemption fee is 0.1%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
