FinChain Dollar (FUSD) stablecoin analytics
Answer First
What is FinChain Dollar (FUSD)?
FUSD is FinChain's BMA-licensed, rebasing dollar stablecoin backed by tokenized U.S. Treasury bills and money-market funds. The static profile records its US Dollar peg mechanism as: Eligible customers mint through FinChain and redeem FUSD for USDT, not fiat USD; universal redemption is documented as taking up to three business days (UTC+8), while instant redemption is conditional on liquidity and processing capacity.
Is FUSD safe?
Pharos does not mark FUSD as absolutely safe. Static metadata says FinChain Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Self-Reported PoR from FinChain reserve dashboard and issuer-operated reserve/NAV accounting. At Ethereum block 26098753 on 2026-10-01, the mapped SimpleBundleAggregator published itemized NAV marks in a dated PRICE_ROLE update (report timestamp 2026-10-01T13:02:19Z), while all three PoR values were zero. Its report forwarder and author/workflow guards were unset; a read-only onReport simulation from an unrelated sender succeeded. This is not independently authenticated reserve assurance. The API's April 21 timestamp matches the on-chain reserve-configuration updateAt and does not date the newly observed NAV publication. The linked DocSend fund report required email access, so its report date, assurance scope and reconciliation remain unverified. No independent attestation or automated PoR assurance upgrade is inferred.; 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
FinChain Dollar (FUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Sep 7, 2026
FinChain Dollar is a BMA-licensed, rebasing dollar backed by tokenized U.S. Treasury bill and money-market fund products. The token targets a fixed $1 value while balances rebase daily, so the yield shows up as more FUSD instead of a rising NAV. FinChain's own reserve pages name Taikang, ChinaAMC, and BNY Mellon fund products, but they publish no per-product weights, the reserve dashboard shows only aggregate placeholders, and the issuer's data API was last updated in April 2026.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: FinChain FUSD reserves documentation
- Collateral
- Tokenized U.S. Treasury bills and money-market funds, including Taikang Kaitai U.S. Dollar Money Market Fund, ChinaAMC USD Digital Money Market Fund (Tokenized Unlisted Class), and BNY Mellon U.S. Dollar Liquidity Fund
- Peg Mechanism
- Eligible customers mint through FinChain and redeem FUSD for USDT, not fiat USD; universal redemption is documented as taking up to three business days (UTC+8), while instant redemption is conditional on liquidity and processing capacity. FUSD targets a fixed $1 token value while balances rebase daily to distribute reserve yield from the underlying tokenized Treasury and money-market fund portfolio
- Jurisdiction
- Bermuda / Bermuda Monetary Authority / Digital asset business license
- Proof Of Reserves
- Self-Reported PoR by FinChain reserve dashboard and issuer-operated reserve/NAV accounting. At Ethereum block 26098753 on 2026-10-01, the mapped SimpleBundleAggregator published itemized NAV marks in a dated PRICE_ROLE update (report timestamp 2026-10-01T13:02:19Z), while all three PoR values were zero. Its report forwarder and author/workflow guards were unset; a read-only onReport simulation from an unrelated sender succeeded. This is not independently authenticated reserve assurance. The API's April 21 timestamp matches the on-chain reserve-configuration updateAt and does not date the newly observed NAV publication. The linked DocSend fund report required email access, so its report date, assurance scope and reconciliation remain unverified. No independent attestation or automated PoR assurance upgrade is inferred. Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety fusd-finchain
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.
FUSD quick answers
What is FinChain Dollar (FUSD)?
FUSD is FinChain's BMA-licensed, rebasing dollar stablecoin backed by tokenized U.S. Treasury bills and money-market funds. The static profile records its US Dollar peg mechanism as: Eligible customers mint through FinChain and redeem FUSD for USDT, not fiat USD; universal redemption is documented as taking up to three business days (UTC+8), while instant redemption is conditional on liquidity and processing capacity.
Is FUSD safe?
Pharos does not mark FUSD as absolutely safe. Static metadata says FinChain Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Self-Reported PoR from FinChain reserve dashboard and issuer-operated reserve/NAV accounting. At Ethereum block 26098753 on 2026-10-01, the mapped SimpleBundleAggregator published itemized NAV marks in a dated PRICE_ROLE update (report timestamp 2026-10-01T13:02:19Z), while all three PoR values were zero. Its report forwarder and author/workflow guards were unset; a read-only onReport simulation from an unrelated sender succeeded. This is not independently authenticated reserve assurance. The API's April 21 timestamp matches the on-chain reserve-configuration updateAt and does not date the newly observed NAV publication. The linked DocSend fund report required email access, so its report date, assurance scope and reconciliation remain unverified. No independent attestation or automated PoR assurance upgrade is inferred.; 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 FUSD?
Pharos classifies FUSD backing as Real-World Asset Backed. Collateral, per the static profile: Tokenized U.S. Treasury bills and money-market funds, including Taikang Kaitai U.S. Dollar Money Market Fund, ChinaAMC USD Digital Money Market Fund (Tokenized Unlisted Class), and BNY Mellon U.S. Dollar Liquidity Fund Reserve evidence: Self-Reported PoR from FinChain reserve dashboard and issuer-operated reserve/NAV accounting. At Ethereum block 26098753 on 2026-10-01, the mapped SimpleBundleAggregator published itemized NAV marks in a dated PRICE_ROLE update (report timestamp 2026-10-01T13:02:19Z), while all three PoR values were zero. Its report forwarder and author/workflow guards were unset; a read-only onReport simulation from an unrelated sender succeeded. This is not independently authenticated reserve assurance. The API's April 21 timestamp matches the on-chain reserve-configuration updateAt and does not date the newly observed NAV publication. The linked DocSend fund report required email access, so its report date, assurance scope and reconciliation remain unverified. No independent attestation or automated PoR assurance upgrade is inferred..
Can FUSD 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 FUSD, when applicable, appear in the dossier below.
