Stablecoin issuers move reserve attestations to a shorter cycle

Two of the largest dollar-token issuers will shorten their reserve reporting cycle, publishing attestations monthly and adding daily composition snapshots covering instrument type and weighted average maturity.

The change follows supervisory expectations in two jurisdictions where the issuers hold authorisations, and pre-empts requirements that take effect next year.

Attestations remain agreed-upon-procedures engagements rather than audits, a distinction accountants continue to stress and marketing materials continue to blur.

Analysts say the daily snapshots are the more useful disclosure, because they reveal maturity drift during a month rather than the tidy position an issuer can construct for a reporting date.

Neither issuer has committed to a full financial-statement audit, and both declined to say whether one is planned.