New York, NY (Jan. 12, 2026) — The American Institute of CPAs (AICPA) today announced the update of the 2025 Criteria for Stablecoin Reporting: Specific to Asset-Backed Fiat-Pegged Tokens to include the addition of Part II: 2025 Criteria for Controls Supporting Token Operations. The update comes amid heightened global and domestic focus over the past year on stablecoin oversight.
Part I of these criteria, published last year, established a common framework for stablecoin issuers to present and disclose information at a specific point in time on outstanding stablecoins and the assets backing them, eliminating inconsistencies in reporting and enabling greater clarity for stakeholders. The newly added section captures the ongoing risks inherent in stablecoin operations.
Key Highlights of the Updated 2025 Criteria
Increases trust in stablecoins: Over the last two years, lawmakers both in the United States and internationally increased their attention on stablecoins, emphasizing the importance of reserve integrity, risk management, governance and the reliability of information provided to users and markets. As governments and regulatory bodies continue to evaluate rules for the issuance and oversight of stablecoins, the need for well-designed and effectively operating controls has become increasingly central to trust in these types of digital assets.
Addresses risks commonly associated with stablecoin issuers’ operations: Effective, well‑designed controls support the accuracy of the information presented and disclosed. They also ensure that all controls surrounding stablecoin operations, such as issuance, redemptions, asset custody, and vendor management, are operating as intended. The newly added criteria establish a common framework for stablecoin issuers to identify risks commonly associated with stablecoin operations and provide control objectives for evaluating the design and operating effectiveness of controls across all aspects of those operations over a specified period of time.
Includes implementation guidance to assist both issuers and practitioners: To support application in practice, the criteria also include implementation guidance intended to assist both stablecoin issuers and practitioners in assessing 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.” said Di Krupica, AICPA senior manager of assurance and advisory innovation – digital assets. “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.”
These updates reflect the AICPA’s ongoing commitment to advancing high quality assurance and reporting practices as digital asset markets mature and as stakeholders — including regulators, investors, and the public — seek greater confidence in stablecoin-related information. Parts I and II of the 2025 Criteria for Stablecoin Reporting can be accessed here.
About the American Institute of CPAs
The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with 397,000 members and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting. A founding member of the Association of International Certified Professional Accountants, the AICPA sets ethical standards for the profession, attestation standards, and U.S. auditing standards for private companies, not-for-profit organizations, and federal, state, and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, partners across the profession to build future talent, and drives continuing education to advance the vitality, relevance, and quality of the profession.
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Ranica Arrowsmith
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