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Can you verify Noon USN (USN) reserves yourself?

Attestor-requiredSynthetic delta-neutralReserve leg: Trust an attestor

USN's reserves sit off-chain, so you read a third-party attestation of them rather than the accounts themselves. Do not trust the issuer, and do not trust us. This page reads USN's live supply straight from the chain and shows you, honestly, where verification ends and trust begins.

Issued by Noon Capital. It is not an audit, a rating, or a solvency opinion, and USN appearing here is not an endorsement. "Attestor-required" describes the structure of the verification, not the quality of the issuer.

The part you can always verify: live supply

Total supply is a contract function anyone can call. Below is USN read live from the chain, with the exact command to reproduce it. This is the one number you never have to take on faith.

Live supply
30,103,889 USN
at block 25,446,627

Reproduce the supply read yourself

cast call 0xda67b4284609d2d48e5d10cfac411572727dc1ed "totalSupply()(uint256)" --rpc-url https://ethereum-rpc.publicnode.com
cast call 0xda67b4284609d2d48e5d10cfac411572727dc1ed "symbol()(string)" --rpc-url https://ethereum-rpc.publicnode.com
Prefer 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":"0xda67b4284609d2d48e5d10cfac411572727dc1ed","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.

The harder question: can you verify USN's reserves?

Backed 1:1 with USDT, USDC, or short-term US Treasury Bills held in custodial wallets, in the issuer's own wording, deployed into a basket of delta-neutral strategies plus T-bill, CLO and private-credit allocations. Reserve transparency is a continuous Proof of Solvency attested by Accountable's Data Verification Network, which pulls custodian and exchange balances using zero-knowledge proofs and secure enclaves and publishes them on a live dashboard. Some protocol and collateral addresses are published in the docs and visible on Etherscan; the load-bearing balances you read as an attestation.

Noon's USN on Ethereum is unrelated to NEAR's USN, a semi-algorithmic stablecoin by a different issuer that was wound down in October 2022 on a different chain.

You can verify this yourself

On-chain USN and sUSN supply on Ethereum, about 30.1M USN on July 1, 2026 with most of it staked, plus the minter, redeemer and collateral addresses Noon publishes.

You must trust someone for this

The custodial reserve balances, the exchange positions and the off-chain T-bill, CLO and private-credit allocations, which you read through Accountable's attestation rather than the accounts themselves.

Hedge leg: The delta-neutral strategy book runs on off-chain venues that are not individually disclosed, confirmed through the Accountable attestation.

Where USN sits on the axis

The reserve backing sits off-chain, so you read a third-party attestation of it rather than the accounts themselves. To move USN toward attestor-optional, an issuer would have to publish raw on-chain reserves plus a proof re-derivable from public inputs. That is a property of the architecture, not of effort, so it is a rebuild, not a new auditor.

See how USN sits next to the rest of the field on the reserve transparency scorecard, or run this same read on any other token with Verify Any Stablecoin.

Common questions about USN

Can you verify Noon USN (USN) reserves yourself?

USN's reserves sit off-chain, so you read a third-party attestation of them rather than the accounts themselves. On-chain USN and sUSN supply on Ethereum, about 30.1M USN on July 1, 2026 with most of it staked, plus the minter, redeemer and collateral addresses Noon publishes. The custodial reserve balances, the exchange positions and the off-chain T-bill, CLO and private-credit allocations, which you read through Accountable's attestation rather than the accounts themselves. On-chain supply is something you can always read yourself; the reserves are where the trust boundary sits, and this page shows exactly where.

Who attests USN's reserves?

Backed 1:1 with USDT, USDC, or short-term US Treasury Bills held in custodial wallets, in the issuer's own wording, deployed into a basket of delta-neutral strategies plus T-bill, CLO and private-credit allocations. Reserve transparency is a continuous Proof of Solvency attested by Accountable's Data Verification Network, which pulls custodian and exchange balances using zero-knowledge proofs and secure enclaves and publishes them on a live dashboard. Some protocol and collateral addresses are published in the docs and visible on Etherscan; the load-bearing balances you read as an attestation. The reserve figure runs through Accountable (zero-knowledge Data Verification Network; live dashboard at noon.accountable.capital), which is a legitimate, common model. You read that attestation rather than the underlying accounts. This is a structural fact about the verification, not a judgment on the issuer.

Which USN contract is canonical, and how do I confirm I have the right one?

USN is a synthetic delta-neutral token issued by Noon Capital at 0xda67b4284609d2d48e5d10cfac411572727dc1ed on Ethereum. A look-alike token can copy any name or symbol, so only the address is identity: confirm you are reading the canonical contract above before trusting any supply or reserve figure. Noon's USN on Ethereum is unrelated to NEAR's USN, a semi-algorithmic stablecoin by a different issuer that was wound down in October 2022 on a different chain.

From a free read to a signed one

Run this on USN yourself, or get a signed record of it.

The check above is free and live. Paste USN's address into the free tool to read it interactively, 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.

The $29 read is signed instantly 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.

Other synthetic delta-neutral tokens

Or browse every stablecoin we cover, each with its own live read and verdict, 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 USN is not an endorsement. Reserve-transparency descriptions are sourced from Noon Capital's public disclosures and, where the token is listed there, the Kerne synthetic-dollar scorecard, cross-verified June 29 to July 1, 2026; verify at the canonical sites. Kerne is not affiliated with Noon Capital or any attestor named here. Page reviewed 2026-07-01. Last updated July 1, 2026.