Pegd is Solana's first whitelabel stablecoin issuance framework. Deposit collateral. Mint a peg-defined token. Publish signed proof-of-reserve. Expose a live collateral ratio — all on Anchor mainnet.
USDC and USDT dominate settlement, but they are single issuers. The next wave — RWA-backed tokens, FX and regional pegs, yield-bearing dollars — each needs its own issuance stack: a collateral engine, a proof-of-reserve attestor, a risk module, and optional transfer-hook compliance.
No shared primitives exist. Teams re-implement vault accounting, oracle wiring, and breaker logic for every launch, and each bespoke build is a new audit surface and a new place for the peg to slip.
That distance between a peg definition and a verified, calibrated reserve is the calibration gap. Pegd closes it with one prototype vault that every issuer can point to.
Depositors lock collateral into a program-owned vault. The vault mints a peg-defined token at a configured ratio and burns it on redemption. Every mint and burn is an on-chain instruction, not an off-chain ledger entry.
An attestor reads live collateral prices from Pyth Hermes and signs a reserve commitment. Each attestation carries a signature and a verification hash that anyone can re-check. Cadence is fixed and published, not discretionary.
Interest accrues through the Token-2022 interest-bearing extension, so balances grow at the mint level. Issuers set a rate that reflects underlying collateral yield. No rebase, no wrapper token, no separate staking contract.
Thresholds define when a peg is under stress. If the collateral ratio falls below a floor, the module trips a circuit breaker and pauses issuance. Liquidation helpers unwind positions back toward the target ratio.
Enter any stablecoin mint and read its collateral ratio, reserve composition, supply, and latest signed attestation on a precision dial.
EnterApply a collateral price shock and watch the ratio track against breaker thresholds. See exactly where the circuit breaker fires.
EnterA no-code wizard for peg, collateral mode, yield, and compliance. Configure an issuer and deploy an issuance program to mainnet.
EnterIssue, mint, burn, and query reserves from your terminal. Wire proof-of-reserve checks into CI with the accompanying GitHub Action.
EnterPyth Hermes streams reference prices for every collateral asset held by the vault.
The proof-of-reserve attestor computes the ratio, signs it, and commits the hash on-chain.
The risk module compares the live ratio to thresholds and trips a circuit breaker on stress.