Which Stablecoin Do You Trust the Most When It Comes to Transparency?

[Katherine Thomas]

Tired of coins claiming “backed 1:1” and then dodging audits or holding shady commercial paper.
In your opinion—which stablecoin is the most transparent and trustworthy in terms of reserves, audits, and on-chain verifiability?
Some say USDC, others argue for newer entrants like LUSD or even Frax. What’s your take?

 

[Emma]

When it comes to transparency and trustworthiness, USDC is still one of the top stablecoins. It’s fully backed by cash and short-duration U.S. Treasuries, and its audits are public and regularly updated by Grant Thornton. Newer entrants like Frax and LUSD are gaining attention for their innovative mechanisms and decentralization, but they haven't built the same level of trust or proven transparency as USDC. For now, USDC leads in terms of clear reserves and audit reliability.

 

[Mary]

For transparency and trustworthiness, USDC is still the leader. It’s fully backed by cash and U.S. Treasuries, and its audits are regularly updated by trusted third parties like Grant Thornton. While Frax and LUSD bring innovation to the space, they haven’t quite reached the same level of proven transparency as USDC. If you're looking for a stablecoin with solid reserves and audit reliability, USDC is the way to go.

 

[Isla]

USDC is still the most transparent and trustworthy stablecoin when it comes to reserves, audits, and on-chain verifiability. It’s fully backed by cash and U.S. Treasuries, and its audits are conducted by reputable firms like Grant Thornton, ensuring regular updates. While newer entrants like LUSD and Frax bring interesting innovations, they haven’t yet achieved the same level of transparency and trust that USDC has built over time. So, for now, USDC leads in reliability and clarity.