Profile
USDV profile facts
Solomon USDv (Legacy) (USDV) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Other coins using the USDV ticker
- Solomon USDv (USDV) · Active · US Dollar. USDv is Solomon’s replacement Solana dollar.
- Collateral
- Ceffu-custodied strategy assets and off-exchange delta-neutral margin used by Solomon Labs to back USDv
- Peg mechanism
- USDv targets $1 through Solomon-managed strategy collateral, market liquidity, and approved/whitelisted participant redemption into USDC against a small documented protocol reserve buffer; no permissionless public holder redemption rail is disclosed
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- Self-Reported PoR by Solomon legacy protocol-data API (historical): issuer-reported Ceffu strategy and reserve components through the 2026-08-28 validity point, with a material portion of protocol TVL unmapped. The endpoint's protocol TVL headline now equals the replacement Chancery USDv mint's on-chain supply, so it no longer describes this legacy mint and the last reviewed composition is served as curated data. Replacement USDv reserve documentation does not establish the backing of this legacy mint. Reserve source
- Contracts
- 1 deployment tracked across Solana.
Source: Pharos registry profile fields. This inactive record does not participate in current live monitoring.
USDV quick answers
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What is Solomon USDv (Legacy) (USDV)?
USDV is Solomon Labs's synthetic dollar on Solana backed by Ceffu-custodied delta-neutral perp margin, with no permissionless public redemption rail. The static profile records its US Dollar peg mechanism as: USDv targets $1 through Solomon-managed strategy collateral, market liquidity, and approved/whitelisted participant redemption into USDC against a small documented protocol reserve buffer; no permissionless public holder redemption rail is disclosed.
Is USDV safe?
Solomon USDv (Legacy) is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a CeFi-Dependent governance model, Crypto-Collateralized backing, Self-Reported PoR from Solomon legacy protocol-data API (historical): issuer-reported Ceffu strategy and reserve components through the 2026-08-28 validity point, with a material portion of protocol TVL unmapped. The endpoint's protocol TVL headline now equals the replacement Chancery USDv mint's on-chain supply, so it no longer describes this legacy mint and the last reviewed composition is served as curated data. Replacement USDv reserve documentation does not establish the backing of this legacy mint., and notes that admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
What backs USDV?
The archived Pharos profile records USDV's reserves as of Aug 28, 2026 as 69.2% Unmapped reserve positions (issuer API does not reconcile reserves to supply), 23.9% Ceffu-custodied BTC with Binance inverse-perpetual hedge, 5.5% USDC on-chain vault and yield-distributor balances, and 2 smaller holdings. Reserve evidence: Self-Reported PoR. Pharos classifies the backing as Crypto-Collateralized.
Can USDV be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments. USDV is a frozen Pharos archive; the recorded history below is read-only.
