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The Backing page shows the collateral and reserve composition of major stablecoins — what assets actually back each dollar of supply.

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What it shows

Each card displays one stablecoin with a horizontal bar chart of its reserve breakdown. The percentages represent the issuer’s publicly disclosed collateral composition.

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Data sources & freshness

  • USDC — the issuer’s monthly reserve attestation reports.
  • USDT — the issuer’s quarterly reserves transparency report.
  • DAI — issuer’s on-chain collateral data (public).
  • FRAX — issuer’s on-chain collateral and AMO data.
  • USDP, BUSD, TUSD — the issuer’s published attestation reports.
Note: This data is not real-time. Reserve compositions change slowly; figures reflect the most recent published disclosures and are updated manually when issuers publish new reports. For live depeg risk see the Overview.

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Why backing matters for depeg risk

The quality and liquidity of reserves directly affects how quickly a stablecoin can honour redemptions.