OUSD vs USDC — reserve disclosures side by side
This page places OUSD and USDC reserve disclosures side by side, each read from its issuer's own published attestation report and independently measured on-chain supply. Figures render verbatim at their stated scope and dates; scopes and dates can differ between issuers, so figures sit side by side without a ranking, verdict, or safety comparison.
This comparison places disclosed figures side by side, each at its issuer's stated scope and dates. Scopes differ — a consolidated group report and a per-token report are not the same measure — so nothing on this page ranks reserves, judges sufficiency, or states which token is safer.
OUSD's latest report on this board is Bridge Building Inc.'s 2026-08 report, stating reserves as of 2026-08-31; USDC's is Circle's 2026-08 report, stating reserves as of 2026-08-31. Both reports state reserves as of the same day. The expected reporting cadence is monthly for OUSD, as stated by the issuer, and monthly for USDC, inferred from the reports observed. On those schedules the board expects OUSD's next report by 2026-10-31 and USDC's by 2026-10-29.
01Coverage
Latest attested coverage
OUSD — Bridge Building Inc.
- coverage
- 1.001268× ISSUER_ATTESTED
- as of
- 2026-08-31 · report 2026-08
- source
01274d7bf6c3…
Get this as JSON: /v1/board/tokens/OUSD Current figures are free with no key. Client examples
USDC — Circle
- coverage
- 1.001061× ISSUER_ATTESTED
- as of
- 2026-08-31 · report 2026-08
- source
ae9d0a3bece1…
Get this as JSON: /v1/board/tokens/USDC Current figures are free with no key. Client examples
02Attestation
Latest attestation
OUSD — Bridge Building Inc.
- report
- 2026-08 ISSUER_ATTESTED
- composition as of
- 2026-08-31
- source document
01274d7bf6c3…
| kind | line (verbatim) | amount | unit |
|---|---|---|---|
TOTAL | Total Reserves | 40,741.770000 | USD |
LIABILITY | OUSD Supply (Exhibit A) | 40,690.160000 | TOKEN |
CATEGORY | Cash and cash equivalents | 40,641.770000 | USD |
CATEGORY | Government money-market funds, at net asset value | 100.000000 | USD |
POSITION | Ethereum | 10,287.200000 | TOKEN |
POSITION | Tempo | 10,221.020000 | TOKEN |
POSITION | Solana | 10,115.180000 | TOKEN |
POSITION | Base | 10,066.760000 | TOKEN |
USDC — Circle
- report
- 2026-08 ISSUER_ATTESTED
- composition as of
- 2026-08-31
- source document
ae9d0a3bece1…
| kind | line (verbatim) | amount | unit |
|---|---|---|---|
TOTAL | TOTAL USDC RESERVE ASSETS | 73,398,532,613.000000 | USD |
LIABILITY | USDC in Circulation (as defined in the criteria below) | 73,320,757,305.000000 | TOKEN |
CATEGORY | U.S. Treasury Repurchase Agreements | 49,584,000,000.000000 | USD |
CATEGORY | TOTAL U.S. TREASURY SECURITIES | 11,918,146,195.000000 | USD |
CATEGORY | Cash held at regulated financial institutions | 9,591,096,978.000000 | USD |
CATEGORY | TOTAL U.S. TREASURY SECURITIES (OTHER USDC RESERVE ASSETS) | 1,301,292,779.000000 | USD |
CATEGORY | Cash held in Circle Reserve Fund | 1,003,409,582.000000 | USD |
CATEGORY | Cash due to/(owed by) Circle due to timing and settlement differences, net | 188,768,431.000000 | USD |
CATEGORY | Cash due to/(owed by) Circle Reserve Fund due to timing and settlement differences, net | -188,181,352.000000 | USD |
Cite this · How to quote and cite
Data: ReserveBeat — https://reservebeat.com/compare/ousd-vs-usdc#coverage — figure as reported in Bridge Building Inc.'s attestation dated 2026-08-31.
Source reportData: ReserveBeat — https://reservebeat.com/compare/ousd-vs-usdc#coverage — figure as reported in Circle's attestation dated 2026-08-31.
Source report
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.
Timestamps reflect the underlying data — when a figure was captured or a report was published — never when a page was built.
03Questions
Common questions
What does this comparison show?
The reserve disclosures each issuer has published, side by side: latest attested coverage and reserve composition, each rendered verbatim at its stated scope and dates. It is a view of what each issuer disclosed, not a judgment of either.
Which of the two tokens is safer?
This page does not say — deliberately. Disclosure scopes and dates differ between issuers, a coverage ratio is never a judgment of reserve sufficiency, and ReserveBeat states no opinion on any issuer's solvency. It shows what each issuer disclosed and how completely, nothing more.
Why does one side show no coverage ratio?
Either that issuer attests only at consolidated group scope — one report covering several tokens, which renders as stated rather than inventing a per-token ratio — or no attestation series is held yet. Absence renders plainly, never as an estimate.
Can the two sides be compared directly?
Only as disclosed: figures come from each issuer's own report at its own as-of dates and scope, so the two sides may not measure the same thing. Scope and dates render beside every figure so the difference stays visible rather than hidden.