Nerite USND (USND) stablecoin analytics
Answer First
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 signal is recorded.
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 academic: USND is frozen and carries an F across the board, the grade an archived asset earns once there is nothing left to score. The cause was structural rather than monetary. One approved collateral branch leaned on rsETH, and when the rsETH...
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.
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; 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
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.
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.