Key takeaways
-
Stablecoin attestation reports provide third-party verification that each token is backed by real-world assets like cash and US Treasurys.
-
Attestation ≠ audit: Attestations are point-in-time checks, not deep financial audits, so users should still perform broader due diligence.
-
Not all tokens are redeemable. Time-locked, test or frozen tokens are excluded from reserve calculations to reflect only actively circulating coins.
-
USDC sets an industry benchmark with regular third-party attestations, transparent reserve reporting and compliance…