Virtue USD (VUSD) quarantined stablecoin record
Live tracking temporarily paused
Native IOTA Move supply remains unreadable and the IOTA EVM leg is not defensible; CoinGecko's last quote was 2026-08-15 (76 days stale on 2026-10-30), and the 2026-10-19 USDT0 PSM relaunch adds no admitted lane. Re-source a native supply reader.
Effective 2026-10-30; review due 2026-11-29; CoinGecko page for Virtue USD (last updated 2026-08-15; checked 2026-10-30)
Answer first
What is Virtue USD (VUSD)?
VUSD is Virtue Money's CDP dollar on IOTA, minted by borrowing against overcollateralized IOTA and stIOTA positions with liquidation defending the peg. The static profile records its US Dollar peg mechanism as: CDP-style mint: users borrow VUSD against IOTA or stIOTA collateral and repay debt to unlock collateral, with liquidation and redemption mechanics supporting the U.S. dollar peg.
Is VUSD safe?
Virtue USD is not in Pharos's active universe. Native IOTA Move supply remains unreadable and the IOTA EVM leg is not defensible; CoinGecko's last quote was 2026-08-15 (76 days stale on 2026-10-30), and the 2026-10-19 USDT0 PSM relaunch adds no admitted lane. Re-source a native supply reader.
Profile
VUSD profile facts
Virtue USD (VUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Other coins using the VUSD ticker
- VersaBank VUSD (VUSD) · Pre-launch · US Dollar. VUSD is VersaBank USA’s dollar deposit token.
AI summary / Updated Oct 30, 2026
Virtue USD is a CDP dollar on IOTA Rebased, minted by borrowing against overcollateralized IOTA-family positions with liquidation as peg defense, plus a wrapped copy on IOTA EVM. On 28 August 2026 an attacker compromised Switchboard's IOTA oracle keys, reported a $10 million IOTA price, minted 4.94 million VUSD against about one IOTA, and cut protocol backing to 8%; 45 users were liquidated before the protocol froze.
AI summary · drafted by deepseek · facts as of Oct 30, 2026
- Collateral
- Overcollateralized IOTA, stIOTA, vIOTA, and iBTC positions backing VUSD debt inside the Virtue Money protocol
- Peg mechanism
- CDP-style mint: users borrow VUSD against IOTA or stIOTA collateral and repay debt to unlock collateral, with liquidation and redemption mechanics supporting the U.S. dollar peg
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Next actions
This record preserves static and historical context; live actions are available only for active assets.
Source: Pharos registry profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Oct 30, 2026.
VUSD quick answers
What is Virtue USD (VUSD)?
VUSD is Virtue Money's CDP dollar on IOTA, minted by borrowing against overcollateralized IOTA and stIOTA positions with liquidation defending the peg. The static profile records its US Dollar peg mechanism as: CDP-style mint: users borrow VUSD against IOTA or stIOTA collateral and repay debt to unlock collateral, with liquidation and redemption mechanics supporting the U.S. dollar peg.
Is VUSD safe?
Virtue USD is not in Pharos's active universe. Native IOTA Move supply remains unreadable and the IOTA EVM leg is not defensible; CoinGecko's last quote was 2026-08-15 (76 days stale on 2026-10-30), and the 2026-10-19 USDT0 PSM relaunch adds no admitted lane. Re-source a native supply reader.
What backs VUSD?
Pharos records VUSD's reserves as of Oct 27, 2026 as 99.6% stIOTA collateral (vault 0xc9cb494657425f350af0948b8509efdd621626922e9337fd65eb161ec33de259), 0.4% iBTC collateral (vault 0xcc094d9e3b491b0c943bb18daf07a49bd951f34688f9610d90982de06fc0c5c9), under 0.1% vIOTA collateral (vault 0x53b6405d2672be1e73f8ddea1766dbda57f1fed677be58fbfedc9fdddaafdd26), and 1 smaller holding. Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.
Can VUSD 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. VUSD is outside active monitoring; this static record preserves the reviewed control context.