To provide transparency into the USDh protocol’s backing assets, we are sharing our September 2026 attestation report from all integrated custodians. The report verifies that the assets backing USDh reside off-exchange within institutional custodial solutions.
Attestation reports are released monthly to provide regular updates on the amount and location of the assets backing the protocol.
As of 14:00 UTC September 30, 2026, USDh supply was $1,981,448.18 per the sources below.
1,981,448.18 USDh on Stacks per the Stacks explorer link:
No funds were held within solutions offered by Ceffu as of 14:00 UTC September 30, 2026, including unrealized P&L.
$472,573.22 has been verified to be held within solutions offered by Copper as of 14:00 UTC September 30, 2026, including unrealized P&L.
At 14:00 UTC September 30, there was $8,036.50 in the Redeeming Reserve on Stacks, $1,501,041.77 in the Ethereum Settlement Wallet, and $100,148.12 in the Reserve Fund.
Redeeming Reserve Stacks: SPN5AKG35QZSK2M8GAMR4AFX45659RJHDW353HSG.redeeming-reserve-v1–2
Ethereum Settlement Wallet: 0x1046a6AD45B60264c83A4b93F6D2c6078C73c1d5
Reserve Fund: 0xB7Fc1162B65a4a01F0924dDa980D52B629fEa9a6
The 14,070.30 STRCx in the Ethereum Settlement Wallet are worth $1,396,969.74 at $99.285 per share per the Ethereum explorer link:
https://etherscan.io/address/0x5f7eCD0D045c393da6cb6c933c671AC305A871BF#readContract
In summary, as of the snapshot time:
USDh supply: $1,981,448.18
Copper custodied assets: $472,573.22
Ceffu custodied assets: $0.00
Redeeming Reserve Stacks: $8,036.50
Ethereum Settlement Wallet: $1,501,041.77
Total backing assets: $2,081,799.60
Reserve Fund: $100,148.12
• USDC: $100,148.12
• USDh: $0.00Total % of USDh: 105.06%
Copper Attestation
