Re Protocol reUSD (reUSD) stablecoin analytics
Answer First
What is Re Protocol reUSD (reUSD)?
Re Protocol's senior NAV-based reinsurance tranche, issued by Resilience (BVI) Ltd with offchain exposure through principal-at-risk notes. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-based token price recalculated daily at UTC 00:00 from a blend of the offchain SOFR-based return and the onchain trailing sUSDe basis rate, plus 250 bps; instant redemptions are liquidity-limited and fall back to a quarterly queue
Is reUSD safe?
Pharos does not assess reUSD as safe: it holds a D Safety Score grade (46/100) in the latest published rating, which flags significant structural risk. Static metadata says Re Protocol reUSD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from The Network Firm daily offchain reserve AUP observations published through Chainlink. The most recent full AUP covers protocol supporting assets as of 2025-10-31, is signed 2025-12-17, and excludes reUSD/reUSDe backing, token valuations and liability reconciliation; it does not attest the current live composition. Historical report: https://storage.googleapis.com/foundation-files/AUP-Report-2025.pdf; 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
Re Protocol reUSD (reUSD) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
Re Protocol's reUSD is the senior NAV-appreciating tranche of a reinsurance-capital structure, issued from the Cayman Islands to eligible non-U.S. persons. The reserve split is now dominated by the off-chain leg: the live Re Metrics feed for August 2026 puts roughly four fifths of the book in Regulation 114 trust collateral supporting reinsurance contracts, measured only in aggregate, with the on-chain remainder concentrated in sUSDe delta-neutral basis-trade exposure plus small USDC, USDT, and LP positions.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Re Protocol About reUSD
- Collateral
- Onchain stablecoins and offchain reinsurance capital support the senior tranche. The instant redemption buffer is sized from 50% of the deposit high-water mark but can draw down; token holders have no direct legal claim on Section 114 trust assets and obtain offchain exposure through principal-at-risk notes.
- Peg Mechanism
- NAV-based token price recalculated daily at UTC 00:00 from a blend of the offchain SOFR-based return and the onchain trailing sUSDe basis rate, plus 250 bps; instant redemptions are liquidity-limited and fall back to a quarterly queue
- Jurisdiction
- British Virgin Islands
- Proof Of Reserves
- Real-Time PoR by The Network Firm daily offchain reserve AUP observations published through Chainlink. The most recent full AUP covers protocol supporting assets as of 2025-10-31, is signed 2025-12-17, and excludes reUSD/reUSDe backing, token valuations and liability reconciliation; it does not attest the current live composition. Historical report: https://storage.googleapis.com/foundation-files/AUP-Report-2025.pdf Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety reusd-re-protocol
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.
reUSD quick answers
What is Re Protocol reUSD (reUSD)?
Re Protocol's senior NAV-based reinsurance tranche, issued by Resilience (BVI) Ltd with offchain exposure through principal-at-risk notes. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-based token price recalculated daily at UTC 00:00 from a blend of the offchain SOFR-based return and the onchain trailing sUSDe basis rate, plus 250 bps; instant redemptions are liquidity-limited and fall back to a quarterly queue
Is reUSD safe?
Pharos does not assess reUSD as safe: it holds a D Safety Score grade (46/100) in the latest published rating, which flags significant structural risk. Static metadata says Re Protocol reUSD uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from The Network Firm daily offchain reserve AUP observations published through Chainlink. The most recent full AUP covers protocol supporting assets as of 2025-10-31, is signed 2025-12-17, and excludes reUSD/reUSDe backing, token valuations and liability reconciliation; it does not attest the current live composition. Historical report: https://storage.googleapis.com/foundation-files/AUP-Report-2025.pdf; 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 reUSD?
Pharos classifies reUSD backing as Real-World Asset Backed. Collateral, per the static profile: Onchain stablecoins and offchain reinsurance capital support the senior tranche. Reserve evidence: Real-Time PoR from The Network Firm daily offchain reserve AUP observations published through Chainlink. The most recent full AUP covers protocol supporting assets as of 2025-10-31, is signed 2025-12-17, and excludes reUSD/reUSDe backing, token valuations and liability reconciliation; it does not attest the current live composition. Historical report: https://storage.googleapis.com/foundation-files/AUP-Report-2025.pdf.
Can reUSD 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 reUSD, when applicable, appear in the dossier below.
