Noon USN (USN) stablecoin analytics
USN is Noon's base dollar, minted 1:1 from USDC/USDT or short-term T-bills while yield accrues through separate sUSN.
Static Profile
Static stablecoin profile
Noon USN (USN) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 18, 2026
USN is the base Noon dollar, backed 1:1 by USDT, USDC, or short-term U.S. T-bills while the protocol deploys reserves into approved yield strategies. Yield accrues through the separate sUSN product, so base USN carries reserve and redemption risk without being the...
AI summary · drafted by codex-stablecoin-review · reviewed by Codex data review on May 18, 2026 · facts as of May 18, 2026
- Collateral
- USN is backed 1:1 by USDT, USDC, or short-term U.S. Treasury bills, with reserve assets deployable into approved yield strategies including CLOs, private credit, DeFi lending, Pendle PTs, and tokenized T-bills.
- Peg Mechanism
- Permissioned institutional mint and redeem path for USN; raw reserve returns accrue to sUSN holders rather than base USN holders.
- Jurisdiction
- British Virgin Islands
- Proof Of Reserves
- Real-Time PoR by Accountable Reserve source
Snippet Answer
Is USN safe?
Pharos does not mark USN as absolutely safe. Static metadata says Noon USN uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with Real-Time PoR from Accountable; 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 usn-noon
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 18, 2026.
USN quick answers
What is Noon USN (USN)?
USN is Noon's base dollar, minted 1:1 from USDC/USDT or short-term T-bills while yield accrues through separate sUSN. The static profile records its US Dollar peg mechanism as: Permissioned institutional mint and redeem path for USN; raw reserve returns accrue to sUSN holders rather than base USN holders.
What backs USN?
Pharos classifies USN backing as Real-World Asset Backed. Collateral, per the static profile: USN is backed 1:1 by USDT, USDC, or short-term U.S. Treasury bills, with reserve assets deployable into approved yield strategies including CLOs, private credit, DeFi lending, Pendle PTs, and tokenized T-bills. Reserve evidence: Real-Time PoR from Accountable.
Can USN 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 USN, when applicable, appear in the dossier below.