Profile
USDSC profile facts
Startale USD (USDSC) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
Variant relationship
Startale USD (USDSC) is modeled as a pure wrapper variant of M by M0 (M). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- Short-term U.S. Treasury bills held in bankruptcy-remote SPVs via M0 Protocol's permissioned Minter infrastructure; M0 Validators independently attest collateral sufficiency on-chain before minting
- Peg mechanism
- 1:1 wrapper around M (M0) token: USDSC is minted by wrapping M via the Soneium-native UsdscToken contract; underlying M is backed by T-bill collateral attested by M0 Validators; redemption unwinds the wrapper back to M
- Jurisdiction
- Singapore
- Proof of reserves
- Real-Time PoR by M0 Protocol (on-chain Validator attestations) Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDSC quick answers
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What is Startale USD (USDSC)?
USDSC is Startale's 1:1 wrapper around M0's $M on Soneium, backed by short-term U.S. Treasury bills with collateral attested on-chain by M0 Validators. The static profile records its US Dollar peg mechanism as: 1:1 wrapper around M (M0) token: USDSC is minted by wrapping M via the Soneium-native UsdscToken contract; underlying M is backed by T-bill collateral attested by M0 Validators; redemption unwinds the wrapper back to M.
Is USDSC safe?
As of Nov 8, 2026, Pharos grades USDSC C- (50/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to whitelisted primary-market participants. 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 USDSC?
Pharos records USDSC's reserves in its review of Jul 14, 2026 as 100% M token held by Startale USDSC. Reserve evidence: Real-Time PoR by M0 Protocol (on-chain Validator attestations). Pharos classifies the backing as Real-World Asset Backed.
Can USDSC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem USDSC?
Under the route Pharos reviewed on Apr 16, 2026, whitelisted primary-market participants can redeem USDSC for M. Redemption settles atomically on-chain. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
