Rich by Coin

The American Institute of CPAs (AICPA) has updated its stablecoin reporting criteria to extend beyond reserve disclosures and formally address controls over stablecoin operations. The revision introduces Part II: 2025 Criteria for Controls Supporting Token Operations, complementing Part I, issued last year to establish a common structure for issuers to report the amount of stablecoins outstanding and the assets backing them. The changes aim to improve confidence in stablecoins and establish a common framework for issuers to identify risks associated with stablecoin operations and to outline control objectives for assessing both the design and operating effectiveness of those controls. These apply across all aspects of those operations over a specified period of time, the AICPA said in a statement.

The document also introduces implementation guidance to assist both stablecoin issuers and practitioners in assessing whether controls achieve their stated objectives, supporting consistent use of the criteria. Di Krupica, digital assets senior manager, said: “The AICPA’s update responds to that environment by providing a clear, practical framework for evaluating whether the controls supporting stablecoin operations are designed and operating effectively.” The newly added Part II concentrates on the ongoing risks linked to the operation of stablecoins. The AICPA stated that the updated criteria is intended to improve confidence in stablecoins.,

The American Institute of CPAs has updated its stablecoin reporting framework to cover more than reserve disclosures, formally addressing controls across stablecoin operations. The update adds Part II—2025 Criteria for Controls Supporting Token Operations—complementing Part I, which established a standard structure for issuers to report outstanding stablecoins and their backing assets. The changes aim to boost confidence in stablecoins by providing a consistent framework for issuers to identify operational risks and set control objectives for assessing both the design and operating effectiveness of those controls. The criteria apply across all aspects of stablecoin operations over a defined period and include implementation guidance to help issuers and practitioners verify that controls meet their stated objectives, ensuring consistent use of the criteria.

Di Krupica, digital assets senior manager, said the update offers a clear, practical framework for evaluating whether the controls supporting stablecoin operations are designed and operating effectively. The newly added Part II concentrates on the ongoing risks associated with the operation of stablecoins.