Addressing the need for consistency, transparency and trust in the stablecoin environment
As the digital asset space continues to evolve and new types of digital assets are created, it has become apparent that stakeholders, such as investors and regulators, need consistency, transparency, and trust in reports provided by those entities creating and issuing digital assets. Because controls surrounding digital asset operations are an integral part of, and a foundation for, the reliability of information presented by those entities, it is vital that those controls are implemented, operated, and monitored.
Therefore, in connection with the 2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens, the AICPA has identified a need for criteria to evaluate whether controls are suitably designed and operating effectively to achieve the control objectives of token operations, over a specified period of time. The Proposed Criteria for Controls over Token Operations: Specific to Asset-Backed Fiat-Pegged Tokens presents such criteria, in the form of control objectives. These criteria have been added to the 2025 Criteria for Stablecoin Reporting as Part II.
NOTE: Throughout the exposure draft, boldface italics denotes new language, and deleted text is shown in |
The comment period for this exposure draft ended August 11, 2025.
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