Data questions
Which stablecoins report reserves above their supply?
The table sets each tracked stablecoin's latest reported reserves beside the liability its own report states, alphabetically and never ranked. The newest report on file: As of , the latest OUSD attestation (Ernst & Young LLP, issued ) reports reserves of $40,741 against 40,690.16 OUSD in circulation.
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This answer contains a figure ReserveBeat computes rather than one an issuer published. It is labelled as computed wherever it appears, and the exact calculation is written down. How every published figure is derived
| Stablecoin | Reserves reported | Liability reported | Liability unit | Coverage ratio | Reporting scope | As-of date |
|---|---|---|---|---|---|---|
| OUSD (Bridge Building Inc.) | 40741.770000 | 40690.160000 | OUSD | 1.001268 | SINGLE_TOKEN | 2026-08-31 |
| As reported in Bridge Building Inc.'s attestation dated 2026-08-31, prepared by Ernst & Young LLP. | ||||||
| PYUSD (Paxos Trust (PayPal USD)) | 2893935877.000000 | 2886948845.000000 | PYUSD | 1.002420 | SINGLE_TOKEN | 2026-08-31 |
| As reported in Paxos Trust (PayPal USD)'s attestation dated 2026-08-31, prepared by KPMG LLP. | ||||||
| RLUSD (Standard Custody (Ripple USD)) | 2446312864.000000 | 2325969308.000000 | RLUSD | 1.051739 | SINGLE_TOKEN | 2026-08-31 |
| As reported in Standard Custody (Ripple USD)'s attestation dated 2026-08-31. Signed as an image | ||||||
| U (United Stables Limited) | 1284976249.000000 | 1275499208.000000 | U | 1.007430 | SINGLE_TOKEN | 2026-08-31 |
| As reported in United Stables Limited's attestation dated 2026-08-31, prepared by Moore CPA Limited. | ||||||
| USD1 (BitGo) | 4195716067.000000 | 4195303689.000000 | USD1 | 1.000098 | SINGLE_TOKEN | 2026-08-31 |
| As reported in BitGo's attestation dated 2026-08-31, prepared by KPMG LLP. | ||||||
| USDC (Circle) | 73398532613.000000 | 73320757305.000000 | USDC | 1.001061 | SINGLE_TOKEN | 2026-08-31 |
| As reported in Circle's attestation dated 2026-08-31. Signed as an image | ||||||
| USDG (Paxos) | 3350462467.000000 | 3340650602.000000 | USDG | 1.002937 | SINGLE_TOKEN | 2026-08-31 |
| As reported in Paxos's attestation dated 2026-08-31, prepared by KPMG LLP. | ||||||
| USDT (Tether) | 187751426411.000000 | 183622105630.000000 | USD | Not held | CONSOLIDATED_GROUP | 2026-06-30 |
| As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l. | ||||||
| USDtb (Anchorage Digital) | 530419653.000000 | 529269213.000000 | USDtb | 1.002174 | SINGLE_TOKEN | 2026-08-31 |
| As reported in Anchorage Digital's attestation dated 2026-08-31. Signed as an image | ||||||
An empty cell means ReserveBeat holds no value for it. Empty is never filled with a zero, an estimate, or a figure carried over from another row.
The report carries its accounting firm's signature as an image rather than as text, so its text layer holds no firm name to extract and no firm is stated here. A firm name never enters the board from outside the document it came from, even where the firm is a matter of public record.
Each row compares an issuer's figures with that same issuer's stated liability, never with ReserveBeat's own supply reading, because the two describe different dates and the reading covers one chain. Reports carry different as-of dates, and a consolidated group report states one total for the group, so two rows are not directly comparable. The coverage ratio is shown only where the board computes one for a single-token report.
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Data: ReserveBeat — https://reservebeat.com/questions/which-stablecoins-report-reserves-above-their-supply — figure as reported in Bridge Building Inc.'s attestation dated 2026-08-31.
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