Nerite USND (USND) frozen stablecoin archive
USND was Nerite's Liquity-v2 fork CDP dollar on Arbitrum; supply collapsed after the rsETH hack impaired an approved collateral branch.
Static Profile
Static stablecoin profile
Nerite USND (USND) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Jun 3, 2026
Nerite's USND was a Liquity-V2 fork CDP dollar on Arbitrum, built on immutable contracts with permissionless collateral redemption and, for a while, one of the cleanest decentralization-and-dependency profiles a nine-figure stablecoin could ask for. That profile is now...
AI summary · drafted by claude-opus-4-8 · reviewed by @TokenBrice on Jun 3, 2026 · facts as of Jun 3, 2026
- 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.
Snippet Answer
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 signal is recorded.
Next Actions
Frozen archives keep historical context; live alerts are available for active tracked assets.
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 3, 2026.
USND quick answers
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
What backs USND?
Pharos classifies USND backing as Crypto-Collateralized. Collateral, per the static profile: tBTC, WETH, wstETH, rETH, rsETH, weETH, ARB, and COMP in immutable overcollateralized CDP markets on Arbitrum Reserve evidence: curated reserve profile.
Can USND be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, no direct freeze-control signal is recorded. USND is a frozen Pharos archive; the recorded history below is read-only.