Ring USD (USDR) stablecoin analytics
Answer First
What is Ring USD (USDR)?
USDR is Ring Protocol's centrally controlled synthetic-dollar token; its backing composition and holder-exercisable redemption path are not publicly documented. The static profile records its US Dollar peg mechanism as: Undisclosed for the tracked deployment. The verified AssetToken permits role-gated minting and burning through Core but exposes no bonding-curve, PCV, reserve, or holder-redemption function. CoinGecko claims circular liquidity and instant...
Is USDR safe?
Pharos does not assess USDR as safe: it holds a D Safety Score grade (47/100) in the latest published rating, which flags significant structural risk. Static metadata says Ring USD uses a CeFi-Dependent 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
Ring USD (USDR) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
Ring Protocol's USDR is a small Ethereum dollar whose backing is undisclosed. Ring's current documentation covers its swap and token tooling but publishes no USDR reserve inventory, and the verified token contract is a role-gated mint-and-burn ERC-20 with no reserve ledger, bonding curve, or holder redemption function. The launch transaction minted the initial supply directly to a minter address with no collateral argument, and four minters can still mint to any address without a cap. Pharos therefore records the...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Undisclosed. Ring's current docs do not identify USDR reserve assets or allocations; the verified USDR/Core contracts expose no reserve ledger or PCV linkage. CoinGecko's circular-liquidity description is secondary and uncorroborated; archived RUSD PCV docs refer to different legacy addresses.
- Peg Mechanism
- Undisclosed for the tracked deployment. The verified AssetToken permits role-gated minting and burning through Core but exposes no bonding-curve, PCV, reserve, or holder-redemption function. CoinGecko claims circular liquidity and instant redemptions, while archived Ring docs describe an older RUSD PCV/bonding-curve design; neither is a current source mapping that mechanism to the tracked USDR deployment.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdr-ring
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.
USDR quick answers
What is Ring USD (USDR)?
USDR is Ring Protocol's centrally controlled synthetic-dollar token; its backing composition and holder-exercisable redemption path are not publicly documented. The static profile records its US Dollar peg mechanism as: Undisclosed for the tracked deployment. The verified AssetToken permits role-gated minting and burning through Core but exposes no bonding-curve, PCV, reserve, or holder-redemption function. CoinGecko claims circular liquidity and instant...
Is USDR safe?
Pharos does not assess USDR as safe: it holds a D Safety Score grade (47/100) in the latest published rating, which flags significant structural risk. Static metadata says Ring USD uses a CeFi-Dependent 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 USDR?
Pharos classifies USDR backing as Crypto-Collateralized. Collateral, per the static profile: Undisclosed. Ring's current docs do not identify USDR reserve assets or allocations; the verified USDR/Core contracts expose no reserve ledger or PCV linkage. CoinGecko's circular-liquidity description is secondary and uncorroborated... Reserve evidence: live reserve feed configured.
Can USDR 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 USDR, when applicable, appear in the dossier below.
