Quill USD (USDQ) stablecoin analytics
Answer First
What is Quill USD (USDQ)?
USDQ is Quill's Liquity-v2 fork on Scroll, minted from user-set interest CDPs against wETH, wstETH, weETH, and SCR collateral. The static profile records its US Dollar peg mechanism as: Overcollateralized CDP with user-set interest rates and direct on-chain redemption for underlying collateral; Stability Pools absorb liquidations per collateral market
Is USDQ safe?
Pharos does not assess USDQ as safe: it holds an F Safety Score grade (36/100) in the latest published rating, which flags significant structural risk. Static metadata says Quill USD uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Quill USD (USDQ) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
Quill's USDQ deploys Liquity V2's CDP blueprint on Scroll, minting against wETH, wstETH, weETH, and notably SCR, the host chain's own token. In practice the collateral book is almost entirely wstETH, so LST collateral is the real exposure; accepting SCR at all, however small its current share, ties the stablecoin's health to sentiment around the very network hosting it, a reflexivity loop that gets uncomfortable in a drawdown. Liquity-style dynamic redemption fees preserve the permissionless mechanics, while...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- wETH, wstETH, weETH, and SCR in overcollateralized CDP markets on Scroll
- Peg Mechanism
- Overcollateralized CDP with user-set interest rates and direct on-chain redemption for underlying collateral; Stability Pools absorb liquidations per collateral market
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Scroll.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdq-quill
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
USDQ quick answers
What is Quill USD (USDQ)?
USDQ is Quill's Liquity-v2 fork on Scroll, minted from user-set interest CDPs against wETH, wstETH, weETH, and SCR collateral. The static profile records its US Dollar peg mechanism as: Overcollateralized CDP with user-set interest rates and direct on-chain redemption for underlying collateral; Stability Pools absorb liquidations per collateral market
Is USDQ safe?
Pharos does not assess USDQ as safe: it holds an F Safety Score grade (36/100) in the latest published rating, which flags significant structural risk. Static metadata says Quill USD uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDQ?
Pharos classifies USDQ backing as Crypto-Collateralized. Collateral, per the static profile: wETH, wstETH, weETH, and SCR in overcollateralized CDP markets on Scroll Reserve evidence: live reserve feed configured.
Can USDQ be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDQ, when applicable, appear in the dossier below.
