Can you verify Liquity USD (LUSD) reserves yourself?
LUSD's backing is crypto collateral held on-chain, readable directly on a block explorer, with no attestor in the reserve path.
Borrowed against ETH collateral in immutable, governance-free Liquity contracts. The entire backing is ETH held on-chain, fully readable, with no off-chain reserve and no attestor.
What you cannot verify yourself: Nothing off-chain backs LUSD. The residual risk is smart-contract risk in the immutable, governance-free Liquity contracts and the price of the ETH collateral, not attestor trust.
Issued by Liquity. "Attestor-optional" describes the structure of the verification, not the quality of the issuer.
Run this on LUSD yourself, or get a signed record of it.
The read below is free and live. Or get a machine-signed, point-in-time read of this exact address in about two minutes, that anyone you forward it to can verify in three lines without trusting you.
Signed on the page after you pay in USDC on Base: no email, no wait. It signs public on-chain bytes only (supply, decimals, and symbol at a block), not a solvency opinion and not a claim about who controls the address. Issuing a dollar of your own? The GENIUS-readiness kit is $999 setup then $99 a month. Not compliance and not an audit.
Live supply, and the command that reproduces it
What this read establishes: On-chain supply and the full ETH collateral backing it, all readable on-chain. There is no off-chain leg.
Reproduce the supply read yourself
cast call 0x5f98805a4e8be255a32880fdec7f6728c6568ba0 "totalSupply()(uint256)" --rpc-url https://ethereum-rpc.publicnode.comcast call 0x5f98805a4e8be255a32880fdec7f6728c6568ba0 "symbol()(string)" --rpc-url https://ethereum-rpc.publicnode.comPrefer curl? Show the raw JSON-RPC call
curl -s -X POST https://ethereum-rpc.publicnode.com -H 'content-type: application/json' --data '{"jsonrpc":"2.0","id":1,"method":"eth_call","params":[{"to":"0x5f98805a4e8be255a32880fdec7f6728c6568ba0","data":"0x18160ddd"},"latest"]}'Live supply is read from the chain and cached hourly on this page; the command above is real-time. Always confirm you are reading the canonical contract address. A look-alike token can copy any name or symbol; only the address is identity.
Other crypto-collateralized tokens
Also: the reserve transparency scorecard, the Stablecoin Reserve Recomputation Report, every stablecoin we cover, or paste any address into the free tool.
Kerne is infrastructure and a service provider, not an auditor, a rating agency, a custodian, or an investment adviser. This page reads public on-chain data and names publicly disclosed transparency methods. It is not an audit, a solvency or credit opinion, a recommendation, or any form of investment, legal, tax, or accounting advice, and the appearance of LUSD is not an endorsement. Reserve-transparency descriptions are sourced from Liquity's public disclosures and, where the token is listed there, the Kerne synthetic-dollar scorecard, cross-verified June 29 to July 3, 2026; verify at the canonical sites. Kerne is not affiliated with Liquity or any attestor named here. Page reviewed 2026-07-03. Last updated July 3, 2026.