> For the complete documentation index, see [llms.txt](https://docs.anzen.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.anzen.finance/usdz-101/transparency.md).

# 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: <https://rwa.anzen.finance/transparency>


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## Querying This Documentation
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