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Par & ReserveStablecoin Risk Report

About

Independent research on the stablecoins people actually use

Stablecoin Risk Report is published by Par & Reserve LLC (in formation), a wholly owned subsidiary of Block Bridge, Inc.. It gives anyone who holds, uses, builds with or reports on stablecoins a consistent, sourced view of how each one is backed, redeemed and regulated.

Why this report exists

Stablecoins are sold as digital dollars, and they now sit in payment apps, exchanges, brokerage accounts and company treasuries. But they are not all built the same way. Reserves, redemption terms, independent reporting and regulators differ from coin to coin, and pegs have broken before.

Most of the evidence is public, but it is scattered across attestation PDFs, terms of service, blockchain data and agency rulemaking. We collect it, score it under a published methodology, and explain what changed each month, so readers can form their own view. Banks and credit unions get an additional section built around their due-diligence expectations.

Leadership

Bradley W. Smith

Founder, Block Bridge, Inc.

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Independence and conflicts of interest

Our assessments are useful only if readers can trust that they are disinterested. Issuers cannot pay for coverage, scores or grades, and every subscriber receives the same content at the same time.

Trust Bridge Network

Par & Reserve LLC (in formation) is a wholly owned subsidiary of Block Bridge, Inc. Block Bridge is developing stablecoin settlement infrastructure (Trust Bridge Network). It may in the future have commercial relationships with issuers, blockchains or service providers covered in the Report. An information barrier separates it from research.

Awakon Federal Credit Union Supervisory Committee seat

Bradley W. Smith, founder of Block Bridge, Inc., serves on the Supervisory Committee of Awakon Federal Credit Union and recuses himself from any Awakon matter involving the Report, Block Bridge or Trust Bridge Network products, or stablecoin and vendor decisions where Report content is a material input.

DisclosuresIndependence and Conflicts PolicyCorrections and right of reply