Introducing $USG — the next evolution of CDP stablecoins. Backed by @CurveFinance LP tokens and @pendle_fi PTs, $USG is set to push DeFi further. A new frontier awaits. Details below.
Tangent USD (USG) — Pre-Launch Stablecoin
Pre-LaunchNo data processed by Pharos yetBeta
Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Four audits completed (Sherlock, Egis, Pashov x2 through Dec 2025); beta testing underway; mainnet launch pending
Tangent USD
USG
At a Glance
- Backing
- Crypto-Collateralized
- Governance
- Decentralized (DeFi)
- Peg Currency
- US Dollar
- Yield-Bearing
- Yes
Launch Timeline
Mar 2026Expected: Q2 2026
Activity Timeline
Mar 1, 2026Announcement
Tangent announces USG stablecoin backed by productive DeFi collateral
0% interest borrowing, backed by Curve LP and Pendle PT positions. sUSG (ERC4626) as yield-bearing wrapper.
SourceSep 11, 2025Audit
Sherlock audit contest completed ($50K USDC prize pool)
Competitive audit covering lending mechanism, dynamic interest rate model, LP oracle, Curve/Convex/Pendle integrations. Led by Senior Watson Obsidian.
SourceProductive Collateral, Dynamic Rates
Tangent Finance — which pivoted from the Convergence protocol after an August 2024 exploit — is building USG as an over-collateralized CDP stablecoin that accepts productive DeFi collateral: Curve LP tokens, Pendle PTs, and Stake DAO positions rather than raw ETH or stablecoins. The peg mechanism borrows from crvUSD’s playbook: dynamic interest rates and a rewards deduction rate automatically increase when USG drifts below $1, incentivizing borrowers to repay. A yield-bearing sUSG vault (ERC-4626, built on Yearn v3) lets holders capture 25% of protocol earnings passively. Four audits are complete — Sherlock (Sep 2025), Egis, and two Pashov reviews (Oct-Dec 2025) — and the protocol has moved from auditing into beta testing, with mainnet deployment still ahead. The design bets that DeFi-native collateral can be more capital-efficient than traditional CDP models, though it inherits the composability risk of every protocol whose tokens it accepts.
Updated 2026-03-27
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