---
title: "RealFi USDrf (USDrf) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/usdrf-realfi/"
description: "Build-time stablecoin profile for RealFi USDrf (USDrf)."
---



# RealFi USDrf (USDrf)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Collateral

Off-chain Treasury bills, money market funds, floating-rate credit, CLO ETFs and private credit; published allocation ranges describe strategy rather than verified current holdings.

## Peg Mechanism

Whitelisted institutions mint and redeem through a human-approved FIFO queue with daily and monthly limits. Retail exits depend on secondary markets. Protocol first-loss reserves and the junior sUSDrf tranche absorb losses before USDrf.

## Live Data

This stablecoin has launched, but Pharos has not yet admitted a price and supply source. Missing lane: price. CoinGecko's realfi-usdrf preview has null price and market cap. DefiLlama 445 reports supply, but its generic fallback quote is not an admitted market price. Live API data is unavailable, not zero, until both can be verified.