---
title: "Startale USD (USDSC) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/usdsc-startale/"
description: "Build-time stablecoin profile for Startale USD (USDSC). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Startale USD (USDSC)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

USDSC is a Soneium-exclusive 1:1 wrapper around M0's $M with the same {{term:treasury}}T-bill{{/term}} reserves and {{term:attestation}}attestations{{/term}} — the bet is Sony's L2 generating enough gravity for a chain-native dollar. USDSC is what happens when a Sony-backed L2, a Singapore web3 studio, and M0's T-bill infrastructure converge on the thesis that every blockchain needs its own branded dollar. The token is a 1:1 wrapper around M — the same short-term {{term:treasury}}Treasury bill{{/term}} reserves, the same on-chain Validator {{term:attestation}}attestations{{/term}}, the same bankruptcy-remote SPV structure — repackaged with freeze authority and a Soneium-exclusive deployment for Startale's app ecosystem. At $4 million in supply on a single chain with 6,000 holders, USDSC is less a stablecoin competing for market share and more a distribution play: onramp through MoonPay, transact in the Startale App, earn yield through sUSDSC vaults audited by Quantstamp, OpenZeppelin, and four other firms. The bet is that Sony's Soneium — an OP Stack L2 with 500 million transactions — generates enough user gravity to make a chain-native stablecoin viable where dozens of others have failed. Whether the world needs another M0 wrapper with a different logo remains an open question, but the institutional lineage is harder to dismiss than most sub-$5M coins can claim.

## 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

| Country | Regulator | License |
| --- | --- | --- |
| Singapore | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| soneium | `0x3f99231dd03a9f0e7e3421c92b7b90fbe012985a` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/usdsc-startale.