---
title: "Zephyr Stable Dollar (ZSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/zsd-zephyr-protocol/"
description: "Build-time stablecoin profile for Zephyr Stable Dollar (ZSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Zephyr Stable Dollar (ZSD)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** Decentralized (DeFi)

**Status:** active

## Overview

A Djed-inspired algorithmic dollar on Zephyr's Monero-derived private chain, minted against volatile native ZEPH with reserve-ratio constraints.

Zephyr Stable Dollar is a protocol-native private-chain stablecoin admitted through CoinGecko plus Zephyr Scanner telemetry rather than a supported Pharos contract path. Its Djed-inspired {{term:algorithmic}}algorithmic{{/term}} design mints and redeems ZSD against ZEPH reserve collateral, with reserve-ratio constraints intended to preserve {{term:overcollateralization}}overcollateralization{{/term}}. Pharos sources ZSD supply and reserve ratio data from Zephyr's official API, but keeps the reserve slice high risk because the backing asset is volatile native ZEPH on an unsupported private chain.

## Collateral

ZEPH base-coin collateral held by the Zephyr Protocol reserve; the protocol targets overcollateralization before allowing new ZSD minting

## Peg Mechanism

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

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/zsd-zephyr-protocol.