Galaxy USDC (arcUSDC) stablecoin analytics
Answer First
What is Galaxy USDC (arcUSDC)?
arcUSDC is Galaxy's USDC lending vault on Arc; shares redeem at NAV when liquidity is available and bear strategy losses. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 shares accrue lending interest and realize losses against USDC; direct redemption uses idle USDC and a configured liquidity adapter, subject to market liquidity. In-kind deallocation retains underlying lending-position exposure.
Is arcUSDC safe?
Pharos does not mark arcUSDC as absolutely safe. Static metadata says Galaxy USDC uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Galaxy USDC (arcUSDC) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.
Variant Relationship
Galaxy USDC (arcUSDC) is modeled as a strategy vault variant of USD Coin (USDC). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Oct 2, 2026
Galaxy USDC holds a USDC-denominated lending position against cirBTC on Arc. Holders own a pro-rata vault claim whose conversion rate reflects accrued interest and losses, without an independently established legal claim on Circle's reserve fund. The vault owner and curator are externally owned accounts, and several parameter changes have no delay. Its liquidity adapter was unset at the pinned review block, so ordinary withdrawal capacity cannot be inferred from total assets.
- Collateral
- USDC lender positions in a single Morpho market secured by cirBTC on Arc
- Peg Mechanism
- ERC-4626 shares accrue lending interest and realize losses against USDC; direct redemption uses idle USDC and a configured liquidity adapter, subject to market liquidity. In-kind deallocation retains underlying lending-position exposure.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Arc.
Next Actions
Exact bot target: /subscribe dews,depeg,safety arcusdc-galaxy
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 Oct 2, 2026.
arcUSDC quick answers
What is Galaxy USDC (arcUSDC)?
arcUSDC is Galaxy's USDC lending vault on Arc; shares redeem at NAV when liquidity is available and bear strategy losses. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 shares accrue lending interest and realize losses against USDC; direct redemption uses idle USDC and a configured liquidity adapter, subject to market liquidity. In-kind deallocation retains underlying lending-position exposure.
Is arcUSDC safe?
Pharos does not mark arcUSDC as absolutely safe. Static metadata says Galaxy USDC uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs arcUSDC?
Pharos classifies arcUSDC backing as Crypto-Collateralized. Collateral, per the static profile: USDC lender positions in a single Morpho market secured by cirBTC on Arc Reserve evidence: live reserve feed configured.
Can arcUSDC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for arcUSDC, when applicable, appear in the dossier below.
