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USG profile facts

Tangent USD (USG) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.

Collateral
Over-collateralized productive DeFi collateral, including Curve Finance LP tokens, Pendle PTs, and other yield-bearing or LP positions from protocols such as Curve, Convex, Stake DAO, and Spectra; current collateral exposure is materially tied to stablecoin LP routes, including USDC-paired pools.
Peg mechanism
USG has no collateral redemption path. Tangent targets the peg with Peg Keeper contracts, price-dependent reward deductions, and dynamic interest: HEC borrowers can be interest-free while USG stays above each market's threshold but lose more collateral rewards as USG falls, while LEC borrowers pay price-dependent interest immediately.
Jurisdiction
Not disclosed in the static profile.
Proof of reserves
No proof-of-reserves entry in the static profile.
Contracts
1 deployment tracked across Ethereum.

Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.

USG quick answers

4
What is Tangent USD (USG)?

USG is Tangent's debt token minted against productive DeFi collateral, including USDC-paired LP and Pendle PT positions. The static profile records its US Dollar peg mechanism as: USG has no collateral redemption path.

Is USG safe?

As of Oct 29, 2026, Pharos grades USG B- (67/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

What backs USG?

Pharos records USG's reserves as of Oct 20, 2026 as 16.6% USDC exposure through productive Curve LP collateral, 14.4% reUSD exposure through productive Curve LP collateral, 11.3% msETH exposure through productive Curve LP collateral, and 18 smaller holdings. Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.

Can USG 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.