The TrueUSD Attestation Process: Clear Verification Methods
In a market where stablecoins must prove their reserves, TrueUSD’s daily attestations are a core trust signal. This article breaks down who verifies, what is checked, and how the process reinforces transparency around TUSD.
- What is a daily attestation?
- Who verifies the attestations?
- What data is checked?
- Why this matters for transparency
What is the TrueUSD Attestation?
Attestations are independent confirmations that reserves back the stablecoin. The process involves a licensed firm reviewing bank balances, custody arrangements, and liquidity metrics. The goal is to provide investors with a concise, verifiable snapshot of reserves. Daily attestations mean you can see shifts in backing promptly rather than waiting for quarterly reports.
Who verifies the attestations?
Auditors are independent firms contracted by TrueUSD. They examine reserve accounts, custody controls, and liquidity status. Their findings are published to the public, strengthening accountability. External references corroborate these practices, including general attestations concepts on Attestation definitions, and our operational standards cross-checks listed in internal governance materials. For context on how this interplays with crypto token discussions, see our piece on token utility vs investment tokens.
What data is checked?
The auditor’s scope typically covers reserve balances, custody arrangements, liquidity coverage, and reconciliation with reported figures. This ensures that the stated backing aligns with actual assets. Regular checks help reduce the risk of misstatements and bolster investor confidence. For broader context on audits in crypto, consider our reference to partial audits in the partial-audit discussion.
Why this matters for transparency
The diligence behind daily attestations gives the market timely signals about reserve health and governance discipline. In a space where headlines swing quickly, these attestations provide a measurable, auditable baseline. External credibility, coupled with internal controls, helps maintain trust among holders, developers, and traders alike.
