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 with MiCA regulations.
Stablecoins play a crucial role in the digital asset ecosystem, bridging traditional fiat currencies and the decentralized world of cryptocurrencies.
How can you be confident that each stablecoin is backed by real-world assets? This is where stablecoin attestation reports come in.
Understanding how to read attestation reports is essential for anyone interacting with stablecoins like USDC (USDC) or Tether USDt (<a data-ct-non-breakable="null" href="https://cointelegraph.com/tether-price-index" rel="null"