Quantstamp reviewed ApxUSD (ApxUSD Stablecoin) on 13 Feb 2026: 14 findings, 0 critical; 12 marked fixed, 2 open.
Report hosted on certificate.quantstamp.com.
Trustblock does not review code.
Statuses are the security firm’s own, from its report.
| Severity | Open | Acknowledged | Fixed |
|---|---|---|---|
| Critical | 0 | 0 | 0 |
| High | 0 | 0 | 1 |
| Medium | 0 | 0 | 2 |
| Low | 2 | 0 | 9 |
`ApyUSD` overrides `_decimalsOffset()` to return `0`. OpenZeppelin documents that this default makes the classic first-depositor inflation attack unprofitable: the `+1` virtual term in the share conversion captures ~50% of any donation, so the attacker’s expected gains are offset. A malicious actor can still grief users by depositing `1` wei, donating more than twice the victim’s deposit to the vault, and causing the victim’s `deposit()` to mint `0` shares (full loss for the victim at a net loss for the attacker). The issue affects the initial deposit phase when the vault is empty or nearly empty.
`MinterV0` records rate-limit usage in `requestMint()` but `executeMint()` does not re-check or update the rate limit. A minter can queue requests over time and then execute them in a short window, bypassing the intended issuance cap for the rate-limit period.
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236 projects reviewed · 332 reports · latest Oct 2026
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