Neutrl USD (NUSD) stablecoin analytics
Answer First
What is Neutrl USD (NUSD)?
Neutrl's synthetic dollar: ordinary minting and redemptions paused in August 2026; a separate USDC redemption program opened September 17, subject to terms. The static profile records its US Dollar peg mechanism as: Ordinary minting, redemptions, and other protocol functions were paused in August 2026 for a reserve-liquidity review.
Is NUSD safe?
Pharos does not assess NUSD as safe: it holds a D Safety Score grade (40/100) in the latest published rating, which flags significant structural risk. Static metadata says Neutrl USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with curated reserve profile; 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
Neutrl USD (NUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
Neutrl's NUSD is a delta-neutral synthetic dollar whose reserves, per the Accountable dashboard's last verifiable snapshot of 13 August 2026, were a little over half liquid stablecoins, with the rest in OTC aggregate positions, Jupiter JLP, protocol-owned liquidity, and an undisclosed other bucket.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Neutrl describes NUSD as backed by crypto assets, liquid synthetic dollars, and corresponding short futures positions. Its September 17 redemption program uses previously disclosed liquid reserves; a current reconciled full reserve composition has not been verified.
- Peg Mechanism
- Ordinary minting, redemptions, and other protocol functions were paused in August 2026 for a reserve-liquidity review. On September 17, Neutrl opened a separate fixed-rate redemption program paying USDC and burning redeemed NUSD or sNUSD, expected to remain open until November 14, 2026 subject to applicable terms. Wallet ownership must be verified by an onchain signature before redemption details are displayed. The permissionless-mint/KYC-redemption design in the docs predates the pause and is not evidence of restored par redemption.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Next Actions
Exact bot target: /subscribe dews,depeg,safety nusd-neutrl
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.
NUSD quick answers
What is Neutrl USD (NUSD)?
Neutrl's synthetic dollar: ordinary minting and redemptions paused in August 2026; a separate USDC redemption program opened September 17, subject to terms. The static profile records its US Dollar peg mechanism as: Ordinary minting, redemptions, and other protocol functions were paused in August 2026 for a reserve-liquidity review.
Is NUSD safe?
Pharos does not assess NUSD as safe: it holds a D Safety Score grade (40/100) in the latest published rating, which flags significant structural risk. Static metadata says Neutrl USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with curated reserve profile; 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 NUSD?
Pharos classifies NUSD backing as Crypto-Collateralized. Collateral, per the static profile: Neutrl describes NUSD as backed by crypto assets, liquid synthetic dollars, and corresponding short futures positions. Reserve evidence: curated reserve profile.
Can NUSD 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 NUSD, when applicable, appear in the dossier below.
