Disclaimer (DRAFT – for attorney review). Stablecoin Risk Report is an impersonal research publication by Par & Reserve LLC (in formation), a wholly owned subsidiary of Block Bridge, Inc. Scores and grades are opinions under our published methodology as of the date shown. They are not credit ratings, investment advice, or recommendations to buy, sell, hold or use any asset or vendor, and they are not tailored to any reader. Stablecoins are not FDIC- or NCUA-insured and are not guaranteed by the US government. Block Bridge, Inc. is developing stablecoin settlement infrastructure; see the Disclosures page. Licensed for the subscriber's own use; do not redistribute. © 2026 Par & Reserve LLC. Full disclaimer · Disclosures