AICPA Publishes Comprehensive Criteria for Reporting on Stablecoins

NEW YORK (March 6, 2025) — After seeking comment from the public, the Assurance Services Executive Committee (ASEC) of the American Institute of CPAs (AICPA) has released the 2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens. These criteria provide a framework to stablecoin issuers for presenting and disclosing information related to the tokens they issue, and to report on the availability of cash or other assets that back them.

Stablecoins are a type of digital asset whose value is tied to the assets backing them, such as U.S. currency. The purpose of this new document is to provide a framework for presenting and disclosing information around stablecoins in order to promote consistent reporting among issuers. This boosts trust in the stablecoin space, which these criteria seek to amplify.

Next month, as a second part of the stablecoin reporting criteria, ASEC will release the Proposed Criteria for Controls Supporting Token Operations: Specific to Asset-Backed Fiat-Pegged Tokens for public comment. As these control criteria are an important part of the overall stablecoin reporting, they will be incorporated into the 2025 Criteria for Stablecoin Reporting document once finalized.

“This is the first available framework for stablecoin issuers to report on stablecoins, and the AICPA is excited to be at the forefront of bringing transparency and consistency to the digital assets space,” said Ami Beers, senior director, assurance and advisory innovation at the AICPA & CIMA. “These criteria will serve as the basis for evaluating the availability of redemption assets that back stablecoins in attestation services that practitioners provide to their clients, driving this dynamic practice area forward for the accounting profession.”

“I’m proud of the work the Attestation Subgroup under ASEC’s Digital Assets Working Group has completed to develop this very important framework for asset-backed tokens,” said Jay Schulman, digital assets attestation subgroup chair and principal at RSM US LLP. “Transparency is vital to stakeholders when reporting on these types of digital assets, and transparency brings legitimacy to the digital assets space. These new criteria will bring comparability and consistency of available information, moving towards a more trusted stablecoin ecosystem.”

The 2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens can be viewed here. For more information relevant to stablecoins, practitioners can view the stablecoin reporting and assurance page.

About the American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with 400,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. AICPA sets ethical standards for its members and U.S. auditing standards for private companies, not-for-profit organizations, and federal, state and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, builds the pipeline of future talent and drives continuing education to advance the vitality, relevance and quality of the profession.