Reserve strategy

Every STDY token is backed 1:1 by reserves. Those reserves are structured around simple, non-negotiable priorities: capital preservation, predictable growth and liquidity. We are not in the business of taking risk with our holders' capital, we're in the business of generating stable, reliable performance from some of the safest instruments in global finance.

What Backs Steady

Steady's reserves are held almost entirely in short-term U.S. Treasury Bills, with a small portion kept in cash.

U.S. Treasury Bills make up the large majority of our reserves. T-Bills are short-term debt obligations backed by the U.S. government, and they're widely regarded as one of the lowest-risk, most liquid instruments available anywhere. They generate predictable yield, they're highly liquid, and they preserve capital… exactly the properties you want backing a stablecoin.

Cash makes up a small portion of the reserves. This cash buffer ensures we can always meet redemption requests smoothly and handle day-to-day liquidity needs without having to liquidate T-Bill positions.

The guiding principle is straightforward: keep most of our reserves in T-Bills to generate stable performance, and hold enough cash to ensure liquidity is never a constraint. The current composition is always published on the Transparency Portal's Supply & Reserves section.

Why This Strategy

The reserve strategy follows directly from what Steady is meant to be: A simple, transparent and fair Stablecoin. Steady is a low-risk, stable, transparent instrument that works for you, and not the other way around.

1. Capital preservation. T-Bills are about as safe as financial instruments get, and we don't reach for yield by taking on credit risk, duration risk, or exposure to volatile assets.
2. Predictable growth. Backing alone isn't enough, a stablecoin should do more than hold its value. By holding reserves in yield-generating T-Bills and sharing that performance through rebase, Steady gives holders growth as a built-in property of simply holding the token. If it's your money, it should work for you, not for us.
3. Liquidity. The cash buffer plus the inherent liquidity of short-term T-Bills means we can meet redemptions reliably.

This is what makes Steady what it is.