# Transparency #### Overview USDz is minted through audited smart contracts, ensuring that each token is backed on a 1:1 basis with SPCT (Secured Private Credit Token) which is a permissioned token representing tokenized real-world assets. This on-chain record ensures that every USDz in circulation is fully collateralized, enhancing its stability and reliability as a medium of exchange. All operations related to the issuance and redemption of USDz are recorded transparently on the blockchain. This allows users to verify the solvency of USDz at any time, providing clear visibility into the health of its reserves. Users can view reserves by clicking on the following link: --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.anzen.finance/usdz-101/transparency.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.