Nest BlackOpal LiquidStone II Vault (nOPAL) stablecoin analytics
Answer First
What is Nest BlackOpal LiquidStone II Vault (nOPAL)?
nOPAL is Nest's vault token wrapping BlackOpal LiquidStone II tokenized credit positions; references a dollar base but behaves like a credit vault share. The static profile records its US Dollar-denominated NAV accounting mechanism as: Vault share whose value follows the BlackOpal LiquidStone II credit strategy NAV; Nest minting and redemption use route-specific supported stablecoins, with USDC on the currently documented Arc route and USDC, pUSD, and USDT entrypoints listed in the issuer deployment registry.
Is nOPAL safe?
Pharos does not assess nOPAL as safe: it holds a D Safety Score grade (40/100) in the latest published rating, which flags significant structural risk. Static metadata says Nest BlackOpal LiquidStone II Vault uses a CeFi-Dependent 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
Nest BlackOpal LiquidStone II Vault (nOPAL) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
nOPAL is Nest Credit's BlackOpal LiquidStone II vault: a NAV-accreting share over tokenised private-credit positions, a Brazilian credit-card receivables fund, plus a small nTBILL Treasury sleeve and stablecoin liquidity buffer. Like other Nest vaults, primary access runs through Nest at vault NAV, and it is not a par-redeemable stablecoin.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- BlackOpal LiquidStone II tokenised credit positions plus stablecoin and Treasury liquidity buffers held inside the Nest vault
- Peg Mechanism
- Vault share whose value follows the BlackOpal LiquidStone II credit strategy NAV; Nest minting and redemption use route-specific supported stablecoins, with USDC on the currently documented Arc route and USDC, pUSD, and USDT entrypoints listed in the issuer deployment registry.
- Jurisdiction
- Marshall Islands
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Next Actions
Exact bot target: /subscribe dews,depeg,safety nopal-nest
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.
nOPAL quick answers
What is Nest BlackOpal LiquidStone II Vault (nOPAL)?
nOPAL is Nest's vault token wrapping BlackOpal LiquidStone II tokenized credit positions; references a dollar base but behaves like a credit vault share. The static profile records its US Dollar-denominated NAV accounting mechanism as: Vault share whose value follows the BlackOpal LiquidStone II credit strategy NAV; Nest minting and redemption use route-specific supported stablecoins, with USDC on the currently documented Arc route and USDC, pUSD, and USDT entrypoints listed in the issuer deployment registry.
Is nOPAL safe?
Pharos does not assess nOPAL as safe: it holds a D Safety Score grade (40/100) in the latest published rating, which flags significant structural risk. Static metadata says Nest BlackOpal LiquidStone II Vault uses a CeFi-Dependent 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 nOPAL?
Pharos classifies nOPAL backing as Real-World Asset Backed. Collateral, per the static profile: BlackOpal LiquidStone II tokenised credit positions plus stablecoin and Treasury liquidity buffers held inside the Nest vault Reserve evidence: live reserve feed configured.
Can nOPAL 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 nOPAL, when applicable, appear in the dossier below.
