Stablecoin reserve notes & teardowns
ReserveBeat notes and teardowns explain how stablecoin reserve reporting works: methodology deep-dives, GENIUS Act attestation requirements, and walk-throughs of issuer-published attestation reports. Every figure quoted in a post renders verbatim from stored primary-source evidence at its stated scope, with its limits beside it — never an estimate, and never a judgment of any issuer's solvency.
By Aaron Cohen
- What the GENIUS Act actually requires of stablecoin reserve reporting
Published
A plain-language explainer of the GENIUS Act's reserve and disclosure requirements for permitted payment stablecoin issuers: one-to-one reserves in permitted assets, monthly examined disclosures, executive certification, and the marketing lines an issuer may not cross.
- How ReserveBeat measures stablecoin reserves: a methodology deep-dive
Published
A walk through the measurement methodology behind the ReserveBeat coverage board: storage-proven on-chain supply, hash-anchored attestation parsing, same-document coverage ratios, and an append-only evidence chain — with the real limits stated beside each figure.
- Teardown: Circle's May 2026 USDC examination report
Published
A line-by-line walk through Circle's May 2026 USDC reserve examination: 75.96B dollars of stated reserve assets against 75.89B USDC in circulation, the month-over-month composition shift from repo into Treasuries, and what the document's own metadata does and does not state.
Frequently asked questions
Who writes these posts?
Posts are written and reviewed by Aaron Cohen, ReserveBeat's author. Some start as data-driven drafts generated from newly captured attestation reports, but every post is human-reviewed and approved before it appears here — nothing publishes automatically.
Where do the figures in posts come from?
From the same evidence pipeline as the rest of the site: issuer-published attestation reports and independently measured on-chain supply. Figures quoted in a post render verbatim at their stated scope and are never recomputed or estimated.
Are posts investment or legal advice?
No. Posts explain how public reserve reporting works and what specific disclosures state. They are not investment advice, not legal advice, and never an opinion on any issuer's solvency.