USDe Proof of ReservesBeta
| Date (UTC) | Total Token Supply(in millions) | Backing Assets(USD in millions) | Backing Assets And Reserve Fund(USD in millions) | Approved Assets Only | Data Integrity | Delta Neutral* Portfolio | Reserve Surplus |
|---|---|---|---|---|---|---|---|
Sep 11, 202612:08 AM | 4,534.07 | 4,537.07 | 4,599.15 | ||||
Sep 4, 202608:43 AM | 4,291.09 | 4,293.30 | 4,355.39 | ||||
Aug 28, 202601:48 AM | 4,050.99 | 4,053.61 | 4,115.71 | ||||
Aug 21, 202612:08 AM | 4,080.13 | 4,081.60 | 4,143.71 | ||||
Aug 14, 202612:08 AM | 3,955.88 | 3,957.59 | 4,019.69 | ||||
Aug 7, 202612:08 AM | 3,886.88 | 3,888.92 | 3,951.02 | ||||
Jul 31, 202612:08 AM | 3,870.46 | 3,873.12 | 3,935.23 | ||||
Jul 24, 202612:08 AM | 3,980.89 | 3,984.54 | 4,046.65 | ||||
Jul 17, 202612:08 AM | 4,018.63 | 4,022.74 | 4,084.85 | ||||
Jul 10, 202612:08 AM | 4,236.23 | 4,244.40 | 4,306.49 |
* Delta neutral is defined as: for every asset held, an equal and opposite position is taken to cancel out price risk, so the overall portfolio is not exposed to market movements. Certain backing assets, including tokenised fund shares, are excluded from this calculation. Derivative positions used in this calculation are sourced from exchange data provided via a secure enclave, which ensures the data has not been tampered with between the exchange and this proof. This provides equivalent data integrity to sourcing directly from the exchange.
Disclaimer:
Proof of Reserve ("PoR") feeds and metrics may vary in their configuration, methodology, data sources, update frequency, and underlying assumptions. The information displayed through any PoR feed represents the reserve values as reported by the identified data sources at the relevant measurement time and in accordance with the relevant feed configuration.
Such information may not reflect the actual realisable or current value of reserves and may be affected by factors including, without limitation, market volatility, asset liquidity, valuation methodologies, counterparty risk, data latency, and changes occurring between reporting intervals.
HT Digital Services Ltd does not design, operate, control, or maintain the Proof of Reserves application or the underlying data sources used by it. The PoR application has been developed and is operated by Ethena, and HT Digital Ltd's involvement is limited solely to the performance of assurance engagements as described below. No assurance is provided over the automated reporting itself, including, without limitation, any assessment of asset valuation, ownership, existence, or other characteristics of the underlying reserves. Any such reporting is based solely on information and outputs provided to HT Digital Ltd by Ethena.
HT Digital Ltd performs quarterly assurance engagements under ISAE 3000 in respect of the reserves backing USDe. Each such assurance report provides assurance only as of a specific historical point in time and relates solely to the subject matter and criteria defined within the relevant report. Such reports do not constitute, and should not be construed as, any representation, guarantee, assurance, or prediction regarding future reserve levels, asset values, solvency, liquidity, or performance.
In addition, HT Digital Ltd performs annual assurance engagements under ISAE 3000 over the controls and framework relating to the Proof of Reserves application. These engagements are designed to assess the design and/or operating effectiveness of specified controls within the defined scope and period only and do not extend to providing continuous assurance, real-time verification, or assurance over the ongoing operation or outputs of the application outside the relevant assurance period.
Any information published on a weekly or more frequent basis reflects outputs generated by the Proof of Reserves application and checks performed by HT Digital Ltd in accordance with agreed verification procedures. Such publications do not constitute an assurance engagement, audit opinion or any other professional standard unless expressly stated otherwise.
Users remain solely responsible for assessing the relevance, accuracy, completeness, and suitability of any PoR data for their particular purposes. To the fullest extent permitted by law, HT Digital Ltd disclaims all liability for any loss, damage, cost, or expense arising from the use of, or reliance upon, the PoR data, the PoR application, or any information derived therefrom.