What reserve assets are acceptable for fiat-backed stablecoins?

US proposed frameworks and MiCA require high-quality liquid reserve assets: cash, US T-bills, repurchase agreements with eligible counterparties, and high-grade money market funds. Commercial paper, corporate bonds, and crypto assets are generally not acceptable for fully-backed stablecoins under prudential frameworks.

How do reserve attestations differ from full audits?

Attestation: accountant confirms reserves match or exceed outstanding tokens at a point in time (agreed-upon procedures). Full audit: comprehensive GAAP audit of all financial statements with higher assurance. USDC uses monthly attestations by Deloitte; Tether provides attestations; neither has undergone a full financial audit as of 2024.

Stablecoin Reserve Audit Cost

Estimate the cost of conducting quarterly reserve attestations or full audits for stablecoin issuers, including accounting firm engagement scope, reserve asset composition reporting, and regulatory filing costs under MiCA and US proposals.

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Estimate the cost of conducting quarterly reserve attestations or full audits for stablecoin issuers, including accounting firm engagement scope, reserve asset composition reporting, and regulatory filing costs under MiCA and US proposals. Use the stablecoin reserve audit result to inform your calculation.

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