Tokens

Every backed token with what its reserves consist of, how many levels its backing chain has and when the backing was last recorded.

Token	Backing ratio	Reserves	Composition	Source	Chain	As of
Tether USD USDT · $70.98B market cap	101.4%	$79.93B	T-Bills 61% Repos 14% Gold 10% Secured loans 7% BTC 3% Not reported 3% Equities 2% Cash 0% Non-US T-Bills 0% Corporate bonds 0%	Issuer reports	1 level	Jun 30, 2026
USD Coin USDC · $44.14B market cap	96.2%	$42.60B	Repos 54% T-Bills 39% Cash 8%	Issuer reports	1 level	Oct 26, 2026
Wrapped Bitcoin WBTC · $9.06B market cap	100.0%	$9.06B	BTC 100%	Custodian data	1 level	Oct 30, 2026
Wrapped Ether WETH · $4.62B market cap	99.9%	$4.62B	ETH 100%	On-chain	1 level	Oct 30, 2026
PAX Gold PAXG · $1.76B market cap	101.1%	$1.82B	Gold 100%	Issuer reports	1 level	Sep 30, 2026
Binance USD BUSD · $34.27M market cap	100.4%	$34.51M	Repos 97% Cash 3%	Issuer reports	1 level	Sep 30, 2026