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    PHT Stablecoin

    PHT

    Evaluation Score

    Overall rating on a scale of 0-10

    RiskReturn
    02.610
    Risk Level:
    Very High
    Recommendation:Avoid
    Evaluated:August 28, 2026 (v14)

    Dimension Breakdown

    Development ActivityN/A
    Community Health0.5
    Tokenomics4.0
    Market & Use Case2.5
    Team & Governance3.0
    Security & AuditsN/A

    AI Analysis

    Comprehensive evaluation of the token

    PHT (PHT Stablecoin) is an overcollateralized, Philippine Peso-pegged stablecoin issued by APACX utilizing a CDP-style architecture across Ethereum, Polygon, and TRON. While the core CDP mechanism is conceptually sound, the project suffers from near-zero adoption, negligible daily trading volume (~$101), anonymous leadership without regulatory licensing, and an absent community presence. Significant data gaps exist in Active Development and Security & Audit History (both scored -1.0 due to a lack of discoverable repositories and verifiable audit records), which were excluded from the weighted score calculation. Given the lack of liquidity, transparency, and market traction, PHT presents substantial operational and holding risks.

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    Development Activity

    Code updates and developer engagement

    Insufficient Data

    Community Support

    Social media presence and community engagement

    RiskReturn
    00.510

    Tokenomics

    Supply, distribution, and utility

    RiskReturn
    04.010

    Market & Use Case

    Value proposition and competitive landscape

    RiskReturn
    02.510

    Team & Governance

    Team background and project governance

    RiskReturn
    03.010

    Security & Audits

    Security history and audit status

    Insufficient Data
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    About PHT Stablecoin (PHT)

    PHT (PHT Stablecoin) is an overcollateralized stablecoin pegged 1:1 to the Philippine Peso (PHP), issued by APACX (APACX LTD.). Deployed across Ethereum, Polygon, and TRON, the token utilizes a collateralized debt position (CDP) architecture where users mint PHT by depositing exogenous collateral assets, such as USDC or USDT, and burn the token upon redemption.

    The project was designed to target local-currency stablecoin adoption in Southeast Asian markets. However, the token exhibits negligible market adoption, characterized by extremely low 24-hour trading volume of approximately $101, an absent community presence, and no decentralized governance or DAO mechanisms. Significant discrepancies also exist between third-party data aggregators and the issuer's self-reported circulating supply and market capitalization figures.

    PHT exhibits substantial operational, transparency, and market risks. The stablecoin has experienced an extreme depeg, trading at approximately $0.0163. Furthermore, the issuing entity operates under centralized control with an anonymous team, possesses no formal stablecoin licensing, and lacks publicly verifiable smart contract audit records or active development repositories.

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