OCB — Quality Rating · Tokenized treasuries
USTB Quality Rating
USTB (Superstate) scores 65/100 on OnChain Benchmark's RWA Quality Rating — rated Developing (methodology v1.6, as of Oct 10, 2026).
Latest onchain read Oct 10, 2026
Updated daily
Quality score
65
of 100 · Developing
Dimensions measured
4
of 4
Outstanding supply
$597.76M
as of Oct 10, 2026
Chains
3
with measured supply
Why USTB scores 65
The biggest gap in USTB's score is its regulatory standing.
Each dimension's score is multiplied by its weight and summed: 64.70 of a possible 100, rounded to 65.
Composite
65 / 100
| Dimension | Score |
|---|---|
Structural Trust The top regulatory standing needs SEC registration with a PCAOB-registered auditor. Custody is only partly verified: there is some independent confirmation, but not the full, itemized verification that earns top marks. An admin can upgrade the contract without a timelock, controlled by a standard multisig (such as 3-of-5). Upgrade factorOversight by a major regulator with a recent audit. | 14 / 25 |
Holder Concentration Ownership is concentrated: the top 10 holders across all three of its chains (Ethereum, Solana and Plume) own 82.6% of the free float. Upgrade factorA wider holder base, with the top 10 owning 70% or less (22 of 25). | 18 / 25 |
Redemption Liquidity Only onboarded institutions can redeem; the top score also needs a deep onchain market alongside it. Upgrade factorOnchain liquidity of at least 0.5% of supply (20 of 25). | 17 / 25 |
Disclosure Quality There is no independent way to check the holdings. Upgrade factorIndependent confirmation of this token's own holdings, at least monthly. | 16 / 25 |
OCB Instrument
Outstanding supply
OCB Instrument
Rating history
Key facts
Issuer, rubric and methodology
- Issuer
- Superstate
- Asset class
- Tokenized treasuries
- Rubric
- RWA Quality Rating
- Methodology
- v1.6
- Last scored
- Oct 10, 2026
- What it is
- SEC-exempt private fund (3(c)(7)) holding short-duration U.S. government securities, transferring management to Invesco.
Chains
Share of measured supply by chain
With measured supply
3
| Chain | Share of measured supply |
|---|---|
| Ethereum | 99.0% |
| Plume | 0.7% |
| Solana | 0.3% |
Evidence
Verified facts behind the rating
A sample of the verified facts behind USTB’s score. The full diligence trail is in the terminal.
Facts shown
3
| Dimension | Finding | Verified |
|---|---|---|
| Disclosure Quality | Contract address verified on Ethereum: 0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e (primary deployment) Address confirmed active onchain. | Jun 13, 2026 |
| Disclosure Quality | Contract address verified on Chain 98866: 0xe4fa682f94610ccd170680cc3b045d77d9e528a8 (Chain 98866 deployment) Address confirmed active onchain. | Jun 13, 2026 |
| Disclosure Quality | Contract address verified on Solana: CCz3SGVziFeLYk2xfEstkiqJfYkjaSWb2GCABYsVcjo2 (Solana deployment) Address confirmed active onchain. | Jun 13, 2026 |
Cite this rating
Reference USTB’s rating
Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.
OnChain Benchmark (2026). USTB Quality Rating: 65/100 (Developing), as of Oct 10, 2026. Methodology v1.6. https://onchainbenchmark.com/instruments/ustb
OnChain Benchmark (2026) 'USTB Quality Rating', OnChain Benchmark, Developing, 65/100, methodology v1.6. Available at: https://onchainbenchmark.com/instruments/ustb (Accessed: Oct 10, 2026).
@misc{ocb_ustb_2026,
author = {{OnChain Benchmark}},
title = {{USTB Quality Rating}},
year = {2026},
note = {65/100, Developing, methodology v1.6},
url = {https://onchainbenchmark.com/instruments/ustb}
}The interactive terminal shows every verified fact behind USTB's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.