AICPA updates guidance on stablecoin reporting

The American Institute of CPAs updated the criteria for stablecoin reporting amid heightened focus on stablecoin oversight.

The newly added criteria aims to increase trust in stablecoins. Specifically, it establishes a framework for issuers to identify risks commonly associated with stablecoin operations and to provide control objectives for operations. It also implements guidance to help issuers and practitioners address whether controls achieve their stated objectives. 

"Last year saw significant momentum around stablecoin regulation, with policymakers increasingly focused on how these stablecoins are issued and how the reserves are managed." Di Krupica, AICPA senior manager of assurance and advisory innovation – digital assets, said in a statement. "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."

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The purpose of the AICPA's 2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens is to offer a framework for presenting and disclosing information about stablecoins to promote consistent reporting among issuers and boost trust in the space. 

Part 1 of the criteria, published last year, eliminated inconsistencies in reporting by creating a common framework for issuers to present and disclose information at a specific time on outstanding stablecoins and the assets backing them. 

Stablecoins are a digital asset where the value is pegged to the assets backing them, like U.S. currency, exchange-traded commodities such as precious or industrial metals, or some other form of cryptocurrency.