---
title: "Astherus (USDF) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/usdf-astherus/"
description: "Build-time stablecoin profile for Astherus (USDF). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-06-03"
---



# Astherus (USDF)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

Astherus USDF is a Binance-routed {{term:basis-trade}}basis-trade{{/term}} stablecoin via Ceffu MirrorX — single-CEX concentration risk where the {{term:redemption}}redemption{{/term}} backstop, collateral, and hedge all run through one pipeline. USDF routes its entire existence through Binance: 50% USDT held in Ceffu {{term:custody}}custody{{/term}}, 25% spot crypto longs, and 25% perpetual short positions — all executed via Ceffu's MirrorX infrastructure on a single centralized exchange. The peg itself is the easy part, and the dashboard agrees: it holds an A+ peg grade and the day-to-day stress signal sits glued to the calm end of the scale, having logged only a handful of brief, modest deviations over the tracking window. The danger here is structural, not market-visible, and the C- overall safety grade reflects it — resilience grades an outright F, because BSC-only deployment with thin single-pool DEX liquidity means on-chain exit options are essentially decorative the moment the Binance-Ceffu pipeline that holds the collateral, runs the hedge, and gates redemptions ever hiccups. USDF is a {{term:delta-neutral}}delta-neutral{{/term}} yield product wearing a stablecoin's clothes, and the single point of failure is the entire wardrobe.

## Collateral

USDT held by custodian Ceffu; deployed in delta-neutral strategies (long spot + short perpetuals) executed via Ceffu MirrorX on Binance

## Peg Mechanism

1:1 USDT mint/redeem; yield from funding rate arbitrage via delta-neutral positions on Binance through Ceffu MirrorX

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| bsc | `0x5a110fc00474038f6c02e89c707d638602ea44b5` | 18 |

## Live Data

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