Elixir Treasury & Reserve state (15th July 2025)

Category Amount (USD) Current Status Sources
Treasury multisig (Foundation) ≈ 118 M sUSDS All funds idle in the multisig; no on-chain deposits yet deUSD dashboard
deUSD in circulation ≈ 161 M deUSD Messari, 15 July 2025 Messari & Dashboard
deUSD collateral ratio ≈ 100% (161.9M/161 M) The rest of the backing is RWA-USDS, T-Bill yield, etc.
sdeUSD as collateral to cUSDT 5 M sdeUSD Vote passed Approved 9 July 2025 together with other assets sdeUSD cUSDT votel
sdeUSD as collateral to cUSDC 5 M sdeUSD Vote passed Same Compound batch approval on 9 July 2025 sdeUSD cUSDC vote
deUSD as collateral cUSDT 8 M deUSD Vote passed Approved in the 9 July 2025 collateral bundle deUSD cUSDT vote
deUSD as collateral into cUSDS 8 M deUSD Vote passed Approved in the 9 July 2025 collateral bundle deUSD cUSDS vote
Backing assets (in USD)
Asset Exchanges Minting Contract Multisig
USDT $6,877,471
ETH $24,963,164
Staked USDS $118,728,140
BlackRock BUIDL $6,337,264
Hamilton Lane SCOPE $5,083,574
Subtotal $24,963,164 $18,298,309 $118,728,140

Total$161,989,614