Profile
USND profile facts
Nerite USND (USND) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg US Dollar.
- Collateral
- tBTC, WETH, wstETH, rETH, rsETH, weETH, ARB, and COMP in immutable overcollateralized CDP markets on Arbitrum
- Peg mechanism
- Overcollateralized CDP with user-set interest rates and direct on-chain redemption for underlying collateral; separate Stability Pools absorb liquidations per collateral market
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Arbitrum.
Source: Pharos registry profile fields. This inactive record does not participate in current live monitoring.
USND quick answers
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What is Nerite USND (USND)?
USND was Nerite's Liquity-v2 fork CDP dollar on Arbitrum; supply collapsed after the rsETH hack impaired an approved collateral branch. The static profile records its US Dollar peg mechanism as: Overcollateralized CDP with user-set interest rates and direct on-chain redemption for underlying collateral; separate Stability Pools absorb liquidations per collateral market.
Is USND safe?
Nerite USND is a frozen Pharos archive, not a current safety endorsement. The archived static profile records a Decentralized (DeFi) governance model, Crypto-Collateralized backing, curated reserve profile, and notes that no direct freeze-control path sets the verdict under the reviewed deployment-materiality scope.
What backs USND?
The archived Pharos profile records USND's reserves as 86.5% tBTC, 10.2% rETH (Rocket Pool), 2.1% WETH, and 2 smaller holdings. Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.
Can USND be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, no direct freeze-control path sets the verdict under the reviewed deployment-materiality scope. USND is a frozen Pharos archive; the recorded history below is read-only.
