Crypto news report · source clearly identified
Rating Agency Introduces Dual Auditing Framework for USDT Security
A new assessment model blends traditional Wall Street financial audits with Web3 code reviews to examine both off‑chain reserves and on‑chain security of USDT.
A rating agency has unveiled a novel evaluation framework aimed at strengthening the oversight of the USDT stablecoin. The approach merges conventional financial auditing techniques used on Wall Street with specialized Web3 code reviews.
Combined Auditing Methodology
The model assesses two critical dimensions:
- Off‑chain reserves: Traditional financial audits verify that the backing assets claimed by the issuer are actually held.
- On‑chain security: Web3 code reviews examine the smart‑contract code and related blockchain infrastructure for vulnerabilities.
Purpose and Scope
By evaluating both the fiat backing and the technical integrity of the token, the framework seeks to provide a more comprehensive view of USDT’s stability and resilience against potential breaches.
Source & attribution
News Source
- Publisher
- CoinDesk
- Original date
- September 7, 2026, 10:35 AM
- Original headline
- A two-key breach could hand control of $91 billion in USDT to hackers, report finds