> For the complete documentation index, see [llms.txt](https://cvnnt.gitbook.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://cvnnt.gitbook.io/documentation/developer/assets/usdcrt-token/proof-of-reserves-of-usdcrt-token.md).

# Proof of reserves of $CRT token

As a synthetic utility token, $CRT token is minted upon certain locked deposit (native BTC and USD-backed stablecoins) and is burned when the deposit is released. As all deposits and all the activity is always maintained on-chain, 100% proof of reserves of $CRT token is always publicly available and verifiable on-chain.