Noon USN (USN) stablecoin analytics
USN is Noon's base dollar, minted 1:1 from USDC/USDT or short-term T-bills while yield accrues through separate sUSN.
Static Profile
Static stablecoin profile
Noon USN (USN) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Jun 12, 2026
Noon's USN is the base dollar in a yield machine that would prefer you notice the par wrapper before the credit stack. Pharos metadata shows reserves spread across private credit, CLO exposure, DeFi lending, principal tokens, and a small Treasury-bill sleeve, with Accountable...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- Collateral
- USN is backed 1:1 by USDT, USDC, or short-term U.S. Treasury bills, with reserve assets deployable into approved yield strategies including CLOs, private credit, DeFi lending, Pendle PTs, and tokenized T-bills.
- Peg Mechanism
- Permissioned institutional mint and redeem path for USN; raw reserve returns accrue to sUSN holders rather than base USN holders.
- Jurisdiction
- British Virgin Islands
- Proof Of Reserves
- Real-Time PoR by Accountable Reserve source
Snippet Answer
Is USN safe?
Pharos does not mark USN as absolutely safe. Static metadata says Noon USN uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from Accountable; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usn-noon
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 Jun 12, 2026.
USN quick answers
What is Noon USN (USN)?
USN is Noon's base dollar, minted 1:1 from USDC/USDT or short-term T-bills while yield accrues through separate sUSN. The static profile records its US Dollar peg mechanism as: Permissioned institutional mint and redeem path for USN; raw reserve returns accrue to sUSN holders rather than base USN holders.
Is USN safe?
Pharos does not mark USN as absolutely safe. Static metadata says Noon USN uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from Accountable; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USN?
Pharos classifies USN backing as Real-World Asset Backed. Collateral, per the static profile: USN is backed 1:1 by USDT, USDC, or short-term U.S. Treasury bills, with reserve assets deployable into approved yield strategies including CLOs, private credit, DeFi lending, Pendle PTs, and tokenized T-bills. Reserve evidence: Real-Time PoR from Accountable.
Can USN be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. Live freeze and blacklist events for USN, when applicable, appear in the dossier below.