Startale USD (USDSC) stablecoin analytics
Answer First
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?
USDSC holds a C+ Safety Score grade (64/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Startale USD uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from M0 Protocol (on-chain Validator attestations); 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
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.
AI summary / Updated Sep 7, 2026
USDSC is a Soneium-exclusive 1:1 wrapper around M0's M, carrying the same short-term Treasury-bill backing, Validator attestations, and bankruptcy-remote SPV structure into Startale's app ecosystem. It is less a fresh reserve design than a distribution wager: give Sony's L2 a branded dollar, add freeze authority and local integrations, and hope chain gravity supplies the demand. The wrapper inherits M0's backing quality while adding Startale's operator and single-chain dependencies, a reminder that institutional...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- 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
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdsc-startale
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.
USDSC quick answers
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?
USDSC holds a C+ Safety Score grade (64/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Startale USD uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from M0 Protocol (on-chain Validator attestations); 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 USDSC?
Pharos classifies USDSC backing as Real-World Asset Backed. Collateral, per the static profile: 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 Reserve evidence: Real-Time PoR from M0 Protocol (on-chain Validator attestations).
Can USDSC 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 USDSC, when applicable, appear in the dossier below.
