A Deloitte independent accountant’s report verifies that Ripple’s U.S. dollar–pegged stablecoin RLUSD is fully backed by reserves. The finding is meant to bolster market confidence in RLUSD’s peg and transparency.
Deloitte will integrate a Canadian-dollar stablecoin into institutional payment rails in partnership with Stablecorp, as Ottawa advances new rules for fiat-backed digital assets. The move aims to bring regulated digital cash into bank and corporate payment flows.
Deloitte issued an independent accountant’s report attesting Anchorage Digital Bank’s USAT Reserve Report tied to Tether’s U.S. strategy. Despite the Big Four involvement, questions remain about the composition and whereabouts of roughly $189 billion in USDT.