109.0%
$7.03B reserves for $6.45B market cap
- Not reported 56%
- USDC 32%
- WETH 11%
- wstETH 1%
- WBTC 0%
As of Oct 31, 2026 · On-chain · sources
01 · Backing ratio
Reserves against market cap
Daily, since market data is recorded. The composition reaches further back.
02 · Reserves today
Every reserve asset
| Reserve asset | Value | Share |
|---|---|---|
| Not reported | $3.92B | 55.8% |
| USDC | $2.25B | 32.0% |
| WETH | $788.14M | 11.2% |
| wstETH | $50.66M | 0.7% |
| WBTC | $15.87M | 0.2% |
03 · Sources
Read from the chain
Vaults in the Sky Vat, read on-chain: USDC in the Lite PSM, all ETH, wstETH and WBTC locked in vaults, and the debt of allocator, real-world-asset and staking vaults, whose composition is not reported on-chain. USDS gets the share of its circulating supply. It shares the reserves with DAI.
- Price
- $1.00
- Market cap
- $6.45B
- Supply
- 6.45B
- Updated
- Oct 31, 2026