ZSD is Zephyr Protocol's dollar stablecoin on a Monero-derived private chain, minted from ZEPH base-coin collateral through a Djed-inspired reserve mechanism. The static profile records its US Dollar peg mechanism as: Users mint or redeem ZSD against ZEPH through Zephyr's Djed-inspired reserve mechanism, with oracle pricing and reserve-ratio constraints maintaining the dollar target.

As of Nov 8, 2026, Pharos grades ZSD C (58/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

Pharos records ZSD's reserves as of Oct 17, 2026 as 100% ZEPH protocol reserve. Reserve evidence: Self-Reported PoR by Zephyr Scanner. Pharos classifies the backing as Crypto-Collateralized.

Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.

Under the route Pharos reviewed on Aug 12, 2026, any holder can redeem ZSD for ZEPH. Redemption settles atomically on-chain. The reviewed redemption fee is 0.1%. Whether a given holder qualifies is set by the route's own terms, not by this summary.