Polymarket USD (PUSD) stablecoin analytics
PUSD is Polymarket's USDC-backed prediction-market account stablecoin on Polygon; minted when users deposit USDC and redeemable through the Polymarket app.
Static Profile
Static stablecoin profile
Polymarket USD (PUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
An application-tier dollar balance token mapped to USDC on Polygon, with risk concentrated in the Polymarket app rails rather than a new reserve. Polymarket USD is the dollar balance token used around Polymarket deposits and withdrawals on Polygon. Its collateral story is...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- USDC and bridged USDC.e backing on Polygon used for Polymarket prediction-market account balances
- Peg Mechanism
- Minted when users deposit supported USDC into Polymarket rails and redeemable back to USDC through the Polymarket application flow
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Polygon.
Snippet Answer
Is PUSD safe?
Pharos does not mark PUSD as absolutely safe. Static metadata says Polymarket USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety pusd-polymarket
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 May 15, 2026.
PUSD quick answers
What is Polymarket USD (PUSD)?
PUSD is Polymarket's USDC-backed prediction-market account stablecoin on Polygon; minted when users deposit USDC and redeemable through the Polymarket app. The static profile records its US Dollar peg mechanism as: Minted when users deposit supported USDC into Polymarket rails and redeemable back to USDC through the Polymarket application flow
What backs PUSD?
Pharos classifies PUSD backing as Crypto-Collateralized. Collateral, per the static profile: USDC and bridged USDC.e backing on Polygon used for Polymarket prediction-market account balances Reserve evidence: live reserve feed configured.
Can PUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. Live freeze and blacklist events for PUSD, when applicable, appear in the dossier below.