Your private dollar
Mint PUSD 1:1 against USDG and redeem 1:1 back — both ramps are fee-less, and neither exit has a pause path, though a blocklisted payout address is refused at the redeem ramp and an unshield needs an accepted association root. Shielding it into a private balance is a separate, optional step. Backed 1:1 by design, non-custodial, immutable — nothing is deployed yet, so nothing is backing anything today.
USDG is issued by Paxos, which can freeze and wipe balances — a risk every USDG holder inherits, this vault included.
Deposit USDG, receive PUSD 1:1. No fee.
PUSD is a public ERC-20 — it stays public until you shield it, which is a separate step in the shielded panel. The approval goes to the vault, not the ramp. Both ramps run a sanctions screening check — mint checks your address, redeem checks the payout address.
The reserve is USDG, issued by Paxos. Paxos can freeze and wipe USDG balances, and anything holding USDG — the vault included — inherits that risk.
Withdrawals
Reading the pool’s current root and the root operator’s last pass.
Neither exit has a pause path — the guardian cannot pause a redeem or an unshield. Two conditions gate them all the same: an unshield reverts without a guardian-accepted association root, and a payout address on the guardian-owned screening blocklist is refused at the redeem ramp.
Good to know
Minting gives you public PUSD — shielding it is a separate, opt-in step. Withdrawals require the guardian to accept the current pool root; a deposit after yours can briefly delay an exit until the new root is accepted.
Shielded balance
LiveHeld privately
••••• PUSD
Unlock your private balance
Sign a view request to unlock your balance — it can read your notes but can never move funds. On a new device, a one-time spend signature then registers your receiving address; sending or withdrawing asks for a spend signature each time. Nothing is sent on-chain.
Immutable, non-custodial contracts designed for Robinhood Chain (4663), with USDG issued by Paxos as the reserve — Paxos can freeze and wipe balances, and anything holding USDG inherits that. Nothing is deployed yet: every address will be published on /addresses and verified on Blockscout at deploy. No external audit has been done. Nothing here is financial advice or an offer.