Forest Road USDfr (USDfr) stablecoin analytics
Answer First
What is Forest Road USDfr (USDfr)?
USDfr is Forest Road's credit-backed dollar, minted with USDC and redeemable by KYC-approved holders against available idle reserves. The static profile records its US Dollar peg mechanism as: KYC-approved participants mint USDfr 1:1 with USDC. Direct USDfr-to-USDC redemption pays 1:1 while fully backed and is limited to idle USDC, with transfer blocklisting and pause controls.
Is USDfr safe?
Pharos does not mark USDfr as absolutely safe. Static metadata says Forest Road USDfr uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from Forest Road onchain reserve accounting and loan attestations; security reviews are not independent financial assurance.; 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
Forest Road USDfr (USDfr) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Oct 2, 2026
USDfr turns a USDC deposit into a transferable dollar claim backed mainly by Forest Road-originated specialty-finance credit. Direct minting and redemption require KYC, while nonblocked holders can transfer the token or use its independent Uniswap market. The onchain reserve ledger separates idle USDC from deployed principal and accrued interest, but attester-signed loan facts do not establish independently verified borrower values or enforceable holder priority.
- Collateral
- Specialty-finance credit receivables and idle canonical USDC in an Ethereum reserve. Forest Road originates and services the book; loan facts enter through threshold-signed attestations. Renewable-energy, media/entertainment and a related-party digital-assets facility are disclosed sectors.
- Peg Mechanism
- KYC-approved participants mint USDfr 1:1 with USDC. Direct USDfr-to-USDC redemption pays 1:1 while fully backed and is limited to idle USDC, with transfer blocklisting and pause controls. A separate Uniswap v4 market supports secondary exit. USDfr itself earns no yield; sUSDfr is a separate instrument.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Real-Time PoR by Forest Road onchain reserve accounting and loan attestations; security reviews are not independent financial assurance. Reserve source
- Contracts
- 1 deployment tracked across Ethereum.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdfr-forest-road
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 Oct 2, 2026.
USDfr quick answers
What is Forest Road USDfr (USDfr)?
USDfr is Forest Road's credit-backed dollar, minted with USDC and redeemable by KYC-approved holders against available idle reserves. The static profile records its US Dollar peg mechanism as: KYC-approved participants mint USDfr 1:1 with USDC. Direct USDfr-to-USDC redemption pays 1:1 while fully backed and is limited to idle USDC, with transfer blocklisting and pause controls.
Is USDfr safe?
Pharos does not mark USDfr as absolutely safe. Static metadata says Forest Road USDfr uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from Forest Road onchain reserve accounting and loan attestations; security reviews are not independent financial assurance.; 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 USDfr?
Pharos classifies USDfr backing as Real-World Asset Backed. Collateral, per the static profile: Specialty-finance credit receivables and idle canonical USDC in an Ethereum reserve. Forest Road originates and services the book; loan facts enter through threshold-signed attestations. Reserve evidence: Real-Time PoR from Forest Road onchain reserve accounting and loan attestations; security reviews are not independent financial assurance..
Can USDfr 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 USDfr, when applicable, appear in the dossier below.
