USDM Reserves: Attestations

Mountain Protocol engages Nephos Group, an accounting firm from the UK, to issue independent attestation reports. Reports are signed by ACCA registered accountants, licenses can be verified here.

As part of their commitment to enhanced transparency, two different attestations are issued for each month:

  • Attestation report: attests to USDM Reserves balance, USDM issuance and USDM being fully collateralized at a point in time.

  • USDM Reserves full transactional audit: attests that all transactions involving USDM Reserves were done in line with policies and regulations.

Given that the "Full transactional Audit" requires a full reconciliation of the month, this report is released a couple days later than the "Attestation" report.

Please visit the official docs of Mountain Protocol for the latest attestation postings.

Last updated