The PricewaterhouseCoopers accounting and consulting firm said it will advise Cred, a decentralized lending platform, on its planned dollar-pegged stablecoin, the firms said in a press release. A launch date for the stablecoin was not disclosed.
PwC said it wants to give investors something they can trust when it comes to cryptocurrencies.
“Many investors are looking for crypto assets that can be pegged to a stable fiat currency such as the US dollar, but these assets require a reserve ledger built for decentralized assets, that can provide 100 percent transparency and value substantiation,” said PwC.
So PwC will work to “facilitate a more transparent set of reserve functions” as well as advise on “governance, security, risk management and controls.”