> For the complete documentation index, see [llms.txt](https://docs.trystable.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.trystable.co/protocol/usdx/risk-and-transparency.md).

# Risk & Transparency

Evaluate USDX reserves, underwriting, monitoring, liquidity, and protocol risk.

## Verifiable collateral. Explicit risk controls.

This section documents what backs USDX, how collateral is underwritten and monitored, and the risks that affect USDX holders. It is intended for institutional allocators, integrators, lending markets, and risk teams evaluating the protocol.

<a href="https://trystable.co/reserves" class="button primary">View live reserves</a> <a href="/reference/official-accounts.md#mainnet-contract-addresses" class="button secondary">Verify contracts</a>

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Unless noted otherwise, this section describes **USDX on Solana**. Deployments on Base, Monad, Ethereum, Robinhood Chain, and Arbitrum One are treasury-isolated by chain and are not currently bridgeable to or from Solana.
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## Evaluate the protocol

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><strong>Reserves &#x26; proof</strong></td><td>Review reserve composition, custody, minting flows, and verification methods.</td><td><a href="/protocol/usdx/risk-and-transparency/reserves-and-proof-of-reserves.md">Reserves &amp; Proof of Reserves</a></td></tr><tr><td><strong>Underwriting &#x26; monitoring</strong></td><td>Understand collateral diligence, account approval, and ongoing risk management.</td><td><a href="/protocol/usdx/risk-and-transparency/underwriting-and-risk-management.md">Underwriting &amp; Risk Management</a></td></tr><tr><td><strong>Risk disclosures</strong></td><td>Assess credit, market, liquidity, peg, counterparty, regulatory, and smart-contract risks.</td><td><a href="/protocol/usdx/risk-and-transparency/risk-disclosures.md">Risk Disclosures</a></td></tr></tbody></table>

## Further reading

* [What is USDX](https://medium.com/stable-inc/what-is-usdx-1726a7425d49)
* [How Stable Manages Fed Policy Risk in USDX](https://medium.com/stable-inc/how-stable-manages-fed-policy-risk-in-usdx-98e3eef92222)
* [Official Accounts & Contracts](/reference/official-accounts.md)

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These are living documents. Reserve composition, counterparties, supported networks, and protocol parameters may change. Verify current values on the reserves dashboard and against the listed onchain addresses.
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