An accounting industry trade group on Monday issued a risk roadmap to help stablecoin issuers ensure the reliability of their reporting for the digital asset class.
The guide from the American Institute of CPAs offers a framework to identify risks and vet whether internal safeguards for common token operations such as coin issuance and reporting are working effectively. The document builds on guidance AICPA issued last March outlining how coin issuers would present and disclose information on certain outstanding tokens pegged to assets like the US dollar that hold a steady value over time.
- Emerging stablecoin regulations in the US ...