Reserves
The assets backing a stablecoin's outstanding liabilities — for fiat-backed stables, predominantly cash + Treasuries.
Reserve composition, custody bank concentration, and duration are top-line solvency drivers. StableLens treats reserves as a 25%-weighted dimension in the v0.1 risk model; key inputs include monthly attestations, custody-bank ratings (S&P), and on-chain Treasury-fund inspection where issuers use tokenised funds (BUIDL, FOBXX).
Related terms
- AttestationA third-party accountant's signed statement that an issuer's reserve balances match disclosed amounts at a point in time.
- DurationA measure of price sensitivity to interest-rate changes, expressed in years.
- Custody riskThe risk a custodian (bank, exchange, qualified custodian) loses, mismanages, or is denied access to reserves it holds.
- T-bill (US Treasury bill)A short-duration (≤ 1 year) US government debt instrument — the primary reserve asset for major fiat-backed stables.