---
title: "Solomon USDv (Legacy) (USDV) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/usdv-solomon/"
description: "Build-time stablecoin profile for Solomon USDv (Legacy) (USDV). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-09-15"
---



# Solomon USDv (Legacy) (USDV)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

Solomon's USDv is a Solana synthetic dollar backed by Ceffu-custodied spot crypto hedged with Binance inverse perpetuals, a {{term:delta-neutral}}delta-neutral{{/term}} {{term:basis-trade}}basis trade{{/term}} run by Solomon Labs. The issuer announced a wind-down on August 28: legacy front-end support ends October 16, 2026, with an October 9 sUSDv unstaking-request deadline. The original token remains transferable during the exit period and does not automatically convert into the replacement USDv. The token supply is easy to validate on-chain, and Solomon now publishes a protocol-data API, but that feed is the problem rather than the answer: its identified reserve components cover under a third of reported protocol TVL, the remainder has no issuer-explained allocation, and the reviewed external artefact is an aggregate, custodian-issued Ceffu attestation dated April 2026. Backing is therefore graded on a mostly unmapped book. Direct mint and {{term:redemption}}redemption{{/term}} are restricted to Solomon-approved participants against a small documented reserve buffer, with no permissionless holder rail, which makes exit the weakest of the three pillars on the N/A card. Mint logic can be replaced by a 3-of-9 multisig with no timelock, and reconciliation of supply to reserves is unverified. The SPL mint's freeze authority is disabled, so holders cannot be frozen on-chain, but that is the one control Solomon has given up. USDv is a visible Solana dollar whose backing cannot be audited from the outside, and the card prices that gap.

## 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

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| solana | `Ex5DaKYMCN6QWFA4n67TmMwsH8MJV68RX6YXTmVM532C` | 9 |

## Live Data

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