WEUSD (WEUSD) stablecoin analytics
WEUSD is PicWe's omni-chain USDT wrapper minted and redeemed 1:1 against USDT; the token has been trading off-peg near $0.91 despite documented backing.
Static Profile
Static stablecoin profile
WEUSD (WEUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
WEUSD is tracked under PicWe (not WEMIX) as a USDC wrapper minted and redeemed 1:1 against USDC, currently trading off-peg near $0.91 despite the documented backing. WEUSD is tracked under PicWe, not WEMIX, because the current documentation and contracts describe PicWe WEUSD...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- 100% USDC-backed omni-chain stablecoin per current PicWe documentation (Phase 1: minted 1:1 against USDC, with the official contracts page naming per-chain USDC as the reserve/redemption asset); future RWA/yield collateral (tokenized treasuries, real estate, commodities) is described as Phase 2 roadmap rather than current backing
- Peg Mechanism
- Per current PicWe docs, WEUSD is minted 1:1 against USDC and redeemed to USDC anytime via PicWe's on-chain mint/redeem contract; the protocol holds USDC reserves against circulating WEUSD.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is WEUSD safe?
Pharos does not mark WEUSD as absolutely safe. Static metadata says WEUSD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with curated reserve profile; 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 weusd-picwe
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.
WEUSD quick answers
What is WEUSD (WEUSD)?
WEUSD is PicWe's omni-chain USDT wrapper minted and redeemed 1:1 against USDT; the token has been trading off-peg near $0.91 despite documented backing. The static profile records its US Dollar peg mechanism as: Per current PicWe docs, WEUSD is minted 1:1 against USDC and redeemed to USDC anytime via PicWe's on-chain mint/redeem contract; the protocol holds USDC reserves against circulating WEUSD.
What backs WEUSD?
Pharos classifies WEUSD backing as Crypto-Collateralized. Collateral, per the static profile: 100% USDC-backed omni-chain stablecoin per current PicWe documentation (Phase 1: minted 1:1 against USDC, with the official contracts page naming per-chain USDC as the reserve/redemption asset); future RWA/yield collateral (tokenized... Reserve evidence: curated reserve profile.
Can WEUSD 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 WEUSD, when applicable, appear in the dossier below.