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ReserveBeat
Independent monitoring of public stablecoin figures. The methodology and its limits render on every page — nothing here is a solvency claim about any issuer.
Tracked tokens are subjects of public data: supply figures are read from their public Ethereum contracts, and composition figures from the issuers' own published attestation reports. No tracked issuer is a customer and none has endorsed this board.

Stablecoin coverage board

This board tracks reserve coverage for major stablecoins from primary sources: issuer-published attestation reports and independently measured on-chain supply read at a quorum of Ethereum RPC providers. Every row renders its figures verbatim with source tier and freshness beside them; a token reporting only consolidated group figures appears as one consolidated row, never a per-token ratio.

By ReserveBeat

Tokens tracked
6
Current attestations
1
Attestation overdue
0
Token ↓ChainAttestationMeasured supply (on-chain)Attested coverageCoverage history
USDT mark — identifies the token issued by Tether International, S.A. de C.V.USDTTether USD — TetherethereumCURRENT92,061,124,675.417533 USDT STORAGE_PROVENblock 25593445 · 2026-07-23 05:49 UTCAttested at consolidated group scope: the issuer's report states one redemption value across every token it issues, so no per-token coverage ratio is derived.no points in the last 30 days
USDG mark — identifies the token issued by Paxos Digital Singapore Pte. Ltd.USDGGlobal Dollar — PaxosethereumSTALE455,315,838.928075 USDG STORAGE_PROVENblock 25593445 · 2026-07-23 05:49 UTC1.001295× ISSUER_ATTESTED · as of 2026-07-31no points in the last 30 days
USDC mark — identifies the token issued by Circle Internet Group, Inc.USDCUSD Coin — CircleethereumSTALE50,422,491,163.984297 USDC STORAGE_PROVENblock 25593445 · 2026-07-23 05:49 UTC1.001081× ISSUER_ATTESTED · as of 2026-07-31no points in the last 30 days
USD1 mark — identifies the token issued by BitGo Bank & Trust, N.A.USD1World Liberty Financial USD — BitGoethereumSTALE1,610,299,362.034510479082775577 USD1 ETH_CALLblock 25593445 · 2026-07-23 05:49 UTC1.001086× ISSUER_ATTESTED · as of 2026-07-31no points in the last 30 days
RLUSD mark — identifies the token issued by Standard Custody & Trust Company, LLCRLUSDRipple USD — Standard Custody (Ripple USD)ethereumSTALE698,125,908.819576886701377417 RLUSD ETH_CALLblock 25593445 · 2026-07-23 05:49 UTC1.076154× ISSUER_ATTESTED · as of 2026-07-31no points in the last 30 days
PYUSD mark — identifies the token issued by Paxos Trust Company, National AssociationPYUSDPayPal USD — Paxos Trust (PayPal USD)ethereumSTALE1,869,622,886.702895 PYUSD STORAGE_PROVENblock 25593445 · 2026-07-23 05:49 UTC1.001761× ISSUER_ATTESTED · as of 2026-07-31no points in the last 30 days

This issuer attests its reserves at consolidated group scope: one total redemption value across every token it issues, with no per-token itemization for this token. A ratio only ever divides figures the document itself states at the same as-of date, so no per-token coverage ratio or on-chain reconciliation is derived here; the reserve composition renders at its stated scope.

Each coverage ratio divides two figures from the same issuer attestation at the same as-of date. On-chain measurements never enter a ratio — they are the independent cross-check of the liability side.

Last updated: Timestamps reflect the underlying data — when a figure was captured or a report was published — never when a page was built.

Evidence chain

chain head
seq 1494 · 6f62e288e7…abd6e5fc
latest anchor
DAILY ANCHORED root ddfcd3e57c…d9580349
methodology
08cbdb46be…53820381 · 2026-07-19

The methodology these figures are measured under passed a written pre-publication review, stored and anchored on the same evidence chain; figures publish only while that review covers the served methodology.

Frequently asked questions

What does a coverage ratio on this board mean?

It divides two figures the issuer's own attestation report states at the same as-of date — total reserve against tokens outstanding. It renders verbatim with its source tier and freshness, and it is never a judgment of reserve sufficiency.

Why do some tokens show a consolidated figure instead of a per-token ratio?

Some issuers attest at consolidated group scope, covering several tokens in one report. The board renders exactly what the report states — one consolidated figure with its scope labeled — because a per-token ratio the document does not itemize would be a fabricated number.

How fresh are the on-chain supply figures?

Supply is measured directly from each token's public Ethereum contract at a quorum of independent RPC providers. Every measurement carries the block number and timestamp it was taken at, so freshness is visible on each row.

What happens when the methodology changes?

Every figure here is published only under a current pre-publication review of the served methodology. When the methodology changes, figures are withheld until a new review covers them — the board says so plainly rather than serving stale numbers.