Stablecoin Transparency

[Nexta]

Tether and Circle are under pressure to provide greater proof of reserves. Regular audits are becoming essential as supply grows.

For traders, confidence in stablecoins is critical. A single credibility issue could trigger massive volatility across markets.Do you trust reserve reports at face value or do you stay cautious with stablecoin exposure?

[o48o]

Tether and Circle are under pressure to provide greater proof of reserves. Regular audits are becoming essential as supply grows.

For traders, confidence in stablecoins is critical. A single credibility issue could trigger massive volatility across markets.Do you trust reserve reports at face value or do you stay cautious with stablecoin exposure?

Is there other possibility then trust it with a grain of salt? Just like trusting CEX is keeping our accounts and money safe. Today it would be really hard to hedge against the volatility without pegged stablecoin pairs.

For sure, transparency is needed and it's good that they are required to give it, but as need for reserves is cut down for banks as well (again), i think it's hypocritical to require stablecoins to have more transparency and reserves.

[asriloni]

I do trust the report only when it comes from the reliable auditors. It like Circle who has Deloitte and Thornton LLP as their independent auditor. They have also granted MICA standard to operated in EU. They also meet with AICPA's standard in US. They even listed their asset in Nasdaq. Unlike Circle, i always feel cautious with Tether as this company very lacked of transparency

when it comes to the reserve report. I meant they failed to get Mica license, and not yet fully compliant with US standard in term of reserve report. So, Circle much more erliable for me rather than Tether, and it's all based on how reliable their report are and what license they received.