$256.80M reserves for $354.52M market cap
- Money market funds 53%
- T-Bills 45%
- Cash 2%
As of Sep 30, 2026 · Issuer reports · latest report · sources
01 · Backing chain
What USDG is backed by
Move the slider or press play to see the chain week by week since 2022.
Backed by: the reserves behind USDG, through every level
Backing on Oct 31, 2026, the last recorded day of its week. Backing from reports counts until the next report, for at most 140 days. Between two reports the values are estimated, see the settings.
02 · Composition over time
What the reserves were made of
Share of each reserve asset, or its value in USD at the time. Shares also shift when the price of a reserve asset changes. Gaps are periods without records.
Tap for the mix at a date.
Click reserve assets above to show only those.
03 · Backing ratio
Reserves against market cap
Daily, since market data is recorded. The composition reaches further back.
04 · Reserves today
Every reserve asset
| Reserve asset | Value | Share |
|---|---|---|
| Money market funds | $136.00M | 53.0% |
| T-Bills | $114.47M | 44.6% |
| Cash | $6.33M | 2.5% |
05 · Sources
18 reports behind these numbers
Paxos's monthly attestation reports, for all chains together. USDG on Ethereum gets the Ethereum share of the reserves, by circulating supply.
| Period | File | Source |
|---|---|---|
| Sep 2026 | USDG-2026-09-Attestation-report.pdf | Original |
| Aug 2026 | USDG-2026-08-Attestation-report.pdf | Original |
| Jul 2026 | USDG-2026-07-Attestation-report.pdf | Original |
| Jun 2026 | USDG-2026-06-Attestation-report.pdf | Original |
| May 2026 | USDG-2026-05-Attestation-report.pdf | Original |
| Apr 2026 | USDG-2026-04-Attestation-report.pdf | Original |
| Mar 2026 | USDG-2026-03-Attestation-report.pdf | Original |
| Feb 2026 | USDG-2026-02-Attestation-report.pdf | Original |
| Jan 2026 | USDG-2026-01-Attestation-report.pdf | Original |
| Dec 2025 | USDG-2025-12-Attestation-report.pdf | Original |
| Nov 2025 | USDG-2025-11-Attestation-report.pdf | Original |
| Oct 2025 | USDG-2025-10-Attestation-report.pdf | Original |
| Sep 2025 | USDG-2025-09-Attestation-report.pdf | Original |
| May 2025 | USDG-2025-05-Attestation-report.pdf | Original |
| Mar 2025 | USDG-2025-03-Attestation-report.pdf | Original |
| Dec 2024 | USDG-2024-12-Attestation-report.pdf | Original |
| Nov 2024 | USDG-2024-11-Attestation-report.pdf | Original |
| Oct 2024 | USDG-2024-10-Attestation-report.pdf | Original |
The reports belong to their issuers and auditors. The hash lets anyone check that a copy is the report the numbers were taken from.
- Price
- $1.00
- Market cap
- $354.52M
- Supply
- 354.50M
- Updated
- Oct 31, 2026