Independent records of what backs digital assets
Reserve composition, backing chains and their history for stablecoins and tokenized assets. Collected from issuer reports and on-chain data. Open source, with every source linked.
- $138.06B
- Reserves recorded
- 6
- Backed tokens
- 11
- Reserve assets
- 40
- Months of chain history
01 · Composition
What the reserves are made of
Not one total per token, but every reserve category from the issuer’s report or the chain.
| Token | Backing ratio | Reserves | Composition | As of |
|---|---|---|---|---|
 Tether USD USDT · $70.98B market cap | 101.4% | $79.93B |
| Jun 30, 2026 |
 USD Coin USDC · $44.14B market cap | 96.2% | $42.60B |
| Oct 26, 2026 |
 Wrapped Bitcoin WBTC · $9.06B market cap | 100.0% | $9.06B |
| Oct 30, 2026 |
 Wrapped Ether WETH · $4.62B market cap | 99.9% | $4.62B |
| Oct 30, 2026 |
 PAX Gold PAXG · $1.76B market cap | 101.1% | $1.82B |
| Sep 30, 2026 |
 Binance USD BUSD · $34.27M market cap | 100.4% | $34.51M |
| Sep 30, 2026 |
02 · Backing chains
From the token to the reserve asset
Tokens back other tokens. bcked follows each chain to the assets at the end, so exposure hidden one level down becomes visible.
03 · History
Where all tracked reserves sat, week by week
The end of every chain added up: cash, Treasuries, gold, bitcoin. Hover to read a month.
Tap for the mix at a date.
Latest, Oct 30, 2026
Click reserve assets above to show only those.
Open data and API
All records are open source on GitHub and available as a free JSON API.