Zoth ZeUSD (ZeUSD) stablecoin analytics
Answer First
What is Zoth ZeUSD (ZeUSD)?
ZeUSD is Zoth's deprecated V1 RWA-collateralized debt-position dollar token; its tracked router is paused and V2 is separate. The static profile records its US Dollar peg mechanism as: Zoth documents ZeUSD as an RWA-collateralized debt position: issuers deposit eligible RWAs, mint under Safe LTV constraints, burn ZeUSD to reclaim collateral, and collateral can be liquidated or reinvested according to its LTV. The...
Is ZeUSD safe?
Pharos does not assess ZeUSD as safe: it holds an F Safety Score grade (39/100) in the latest published rating, which flags significant structural risk. Static metadata says Zoth ZeUSD uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Zoth ZeUSD (ZeUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Sep 7, 2026
ZeUSD is the token of Zoth's deprecated V1 stack, an RWA escrow receipt whose router is paused on-chain and whose backing has not been evidenced since the March 2025 exploits. The tracked V1 was never the continuing CDP it was labelled as: the router records collateral value and debt at mint and returns exactly what was recorded on burn, with no position-health checks and no liquidation path. The March 2025 exploits combined a liquidity-pool logic flaw with an admin-key compromise that let the attacker upgrade...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Halborn: the Zoth hack, March 2025 and Zoth contract deployments (V1 deprecated)
- Collateral
- U.S. Treasury bills, ETFs, money market funds, and reverse repos (off-chain), and tokenized on-chain RWAs (e.g., Hashnote USYC, Matrixdock STBT, OpenEden TBILL); held in smart contract escrow vaults or traditional/omnibus escrow accounts
- Peg Mechanism
- Zoth documents ZeUSD as an RWA-collateralized debt position: issuers deposit eligible RWAs, mint under Safe LTV constraints, burn ZeUSD to reclaim collateral, and collateral can be liquidated or reinvested according to its LTV. The tracked deprecated V1 router records deposit metadata and is paused, so current enforcement and operability must not be inferred from the documentation alone.
- Jurisdiction
- Cayman Islands / CIMA
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Next Actions
Exact bot target: /subscribe dews,depeg,safety zeusd-zoth
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 Sep 7, 2026.
ZeUSD quick answers
What is Zoth ZeUSD (ZeUSD)?
ZeUSD is Zoth's deprecated V1 RWA-collateralized debt-position dollar token; its tracked router is paused and V2 is separate. The static profile records its US Dollar peg mechanism as: Zoth documents ZeUSD as an RWA-collateralized debt position: issuers deposit eligible RWAs, mint under Safe LTV constraints, burn ZeUSD to reclaim collateral, and collateral can be liquidated or reinvested according to its LTV. The...
Is ZeUSD safe?
Pharos does not assess ZeUSD as safe: it holds an F Safety Score grade (39/100) in the latest published rating, which flags significant structural risk. Static metadata says Zoth ZeUSD uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs ZeUSD?
Pharos classifies ZeUSD backing as Real-World Asset Backed. Collateral, per the static profile: U.S. Treasury bills, ETFs, money market funds, and reverse repos (off-chain), and tokenized on-chain RWAs (e.g., Hashnote USYC, Matrixdock STBT, OpenEden TBILL); held in smart contract escrow vaults or traditional/omnibus escrow accounts Reserve evidence: live reserve feed configured.
Can ZeUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for ZeUSD, when applicable, appear in the dossier below.
