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Reserve Watch

Stablecoin supply and backing mechanism, with links to issuer transparency. No es asesoramiento financiero.

#StablecoinEn circulaciónAnclajeMecanismoTransparencia
1 TetherTether USDT $175.65B USD Fiat Backed Certificación ↗
2 USD CoinUSD Coin USDC $69.71B USD Fiat Backed Certificación ↗
3 Sky Dollar USDS $5.37B USD Crypto Backed
4 Ethena USDe USDe $4.89B USD Crypto Backed
5 DaiDai DAI $4.65B USD Crypto Backed
6 World Liberty Financial USD USD1 $3.22B USD Fiat Backed
7 Ripple USD RLUSD $2.71B USD Fiat Backed
8 Global Dollar USDG $2.70B USD Fiat Backed
9 PayPal USD PYUSD $2.64B USD Fiat Backed
10 Falcon USD USDf $1.66B USD Crypto Backed
11 United Stables U $1.62B USD Crypto Backed
12 USDD USDD $1.49B USD Crypto Backed
13 USDGO USDGO $1.10B USD Fiat Backed
14 Open USD OUSD $953.48M USD Fiat Backed
15 GHO GHO $697.94M USD Crypto Backed

Source: DefiLlama + issuers. Figures are informational and not financial advice.

Why reserve transparency matters

A stablecoin’s peg is only as strong as what backs it — and only as trustworthy as the issuer’s willingness to prove it. A genuine attestation shows the reserve composition (cash, Treasuries, commercial paper, other), confirms independent audit, and is published on a regular cadence.

Qué observar

  • No public attestation at all, or one that’s months out of date.
  • Reserves partly held in the issuer’s own token rather than external assets.
  • Crypto Ruble Coins links each issuer’s own transparency page directly — verify the primary source, don’t just trust the label.