Reserve attestation

A reserve attestation is a report, usually prepared by an independent accounting firm, stating that an issuer held specified assets backing its tokens at a particular point in time. Stablecoin issuers often publish attestations to demonstrate that reserves exist to support redemptions. An attestation confirms figures against provided records but is generally narrower than a full financial audit, which examines internal controls and broader accuracy.

A common misconception is that an attestation guarantees full, permanent backing; it reflects a snapshot and depends on the scope and information supplied. Readers should note the date, scope, and who prepared it. This entry is educational.