Anzen USDz

USDZ

Stablecoin, stable asset weightsMarket-cap rank 1404, CoinGecko 23 Oct 2026

STRICT score withheld.Score opens with Pro

Sustainabilitywithheld×0.28–

Transparencywithheld×0.24–

Revenuewithheld×0.08–

Innovationwithheld×0.08–

Communitywithheld×0.12–

Tokenomicswithheld×0.20–

Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

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Research, not financial advice. Read the terms.

About Anzen USDz

Analysis of 20 Mar 2026

Anzen Finance operates a RWA-backed stablecoin protocol with $109.87 million TVL as of March 20, 2026 ($101.54M on Base, $7.71M on Ethereum), maintaining stability after the 6% decline from the $116.56M peak in early March. Despite backing by institutional-grade private credit assets underwritten by professionals from Blackrock, UBS, Goldman Sachs, and JP Morgan, USDz trades persistently below peg at $0.9908, one year after the catastrophic March 2025 depeg to $0.82.

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The protocol holds only 5.27% of reserves in cash equivalents, creating severe liquidity concerns. With the OCC publishing final GENIUS Act regulations by July 18, 2026 and the compliance effective date of January 18, 2027 requiring one-to-one backing by high-quality liquid assets, Anzen faces an existential restructuring requirement within 10 months with no publicly announced compliance plan.

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