SoulPeg USD (spUSD) stablecoin analytics
spUSD is SoulPeg's freely tradable BNB Chain wrapper around a soul-bound sUSDC position routed through Venus lending; no Pharos-reviewed holder USDC exit.
Static Profile
Static stablecoin profile
SoulPeg USD (spUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
A small BSC dollar wrapping a soul-bound sUSDC position via Venus lending; no Pharos-reviewed holder USDC exit path makes it protocol-dependent. SoulPeg USD is a BSC dollar token with protocol-managed collateral and liquidity. Public docs support the basic peg and contract...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- USDC deposited via SoulPeg's mint flow on BNB Chain, automatically routed into Venus Protocol lending markets to generate yield; spUSD itself is a freely transferable ERC-20 wrapper around a soul-bound sUSDC position
- Peg Mechanism
- Two-token system: soul-bound sUSDC is minted 1:1 against USDC and accrues Venus lending yield for the original wallet; SPUSD (spUSD) is a 1:1 freely tradeable ERC-20 wrapper around sUSDC and is convertible 1:1 at the wrapper contract; Pharos has not source-reviewed a holder-exercisable USDC exit route for SPUSD, so no redemption backstop is modeled
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across BSC.
Snippet Answer
Is spUSD safe?
Pharos does not mark spUSD as absolutely safe. Static metadata says SoulPeg USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. 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 spusd-soulpeg
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.
spUSD quick answers
What is SoulPeg USD (spUSD)?
spUSD is SoulPeg's freely tradable BNB Chain wrapper around a soul-bound sUSDC position routed through Venus lending; no Pharos-reviewed holder USDC exit. The static profile records its US Dollar peg mechanism as: Two-token system: soul-bound sUSDC is minted 1:1 against USDC and accrues Venus lending yield for the original wallet; SPUSD (spUSD) is a 1:1 freely tradeable ERC-20 wrapper around sUSDC and is convertible 1:1 at the wrapper contract...
What backs spUSD?
Pharos classifies spUSD backing as Crypto-Collateralized. Collateral, per the static profile: USDC deposited via SoulPeg's mint flow on BNB Chain, automatically routed into Venus Protocol lending markets to generate yield; spUSD itself is a freely transferable ERC-20 wrapper around a soul-bound sUSDC position Reserve evidence: live reserve feed configured.
Can spUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for spUSD, when applicable, appear in the dossier below.