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.
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
Not deployedHeld privately
••••• PUSD
The Privé shielded pool is not deployed on this network yet. Shielding, private sends and withdrawals switch on here as soon as the contracts ship.
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.