SAMPLE ENGAGEMENT OUTPUT — Prepared by IT Audit Consulting to demonstrate GENIUS Act reserve integrity audit methodology. Data sources: Issuer public transparency report, on-chain RPC data, third-party registered public accounting firm attestation (March 2026). Not a commissioned engagement by Meridian Payment Stablecoin Corp.. IT Audit Consulting has no affiliation with Meridian Payment Stablecoin Corp. or the registered public accounting firm referenced herein. IT Audit Consulting is not a Registered Public Accounting Firm. Past institutional affiliations referenced for biographical purposes only.
// Stablecoin Reserve Integrity Monitor — Sample Engagement Output
Stablecoin Reserve Integrity Monitor — Dashboard
GENIUS Act Three-Ledger Reconciliation · Reserve Composition · Control Scorecard
Token
Meridian USD (MUSD)
Issuer
Meridian Payment Stablecoin Corp.
Snapshot Date
17 March 2026 — 00:00:00 UTC
Regulatory Framework
GENIUS Act (Jul 2025) · OCC NPRM (Feb 2026)
Attestation Firm
Third-Party registered public accounting firm (Mar 2026)
Prepared By
IT Audit Consulting
// Stablecoin Reserve Integrity Monitor Dashboard Technical Architecture Audit Report
// Overall Audit Verdict
NO MATERIAL DISCREPANCY DETECTED
25 Controls Tested
23 Pass
2 Review
0 Findings
100.80% Coverage Ratio
// Three-Ledger Reconciliation — Core Regulatory Test
Blockchain RPC
$50,000.0M
On-Chain Supply (6 chains)
Circle API
$50,000.0M
Issuer Ledger
Third-Party registered public accounting firm Attestation
$45,186.6M
Reserve Asset FMV
Three-Ledger Variance $0.0M — FULLY RECONCILED
Control PointSourceValue (USD M)VarianceResult
On-Chain SupplyBlockchain RPC$50,000.0MVERIFIED
Issuer LedgerCircle API$50,000.0M$0.0MMATCHED
Reserve Asset FMVThird-Party registered public accounting firm$45,186.6M+$359.2M surplusADEQUATE
Permitted AssetsAttestation / OCC100.0%0%COMPLIANT
RehypothecationCustodian confirmsNonePASS
Suspense AccountReserve ledger$0.0MCLEAR
// Coverage Ratio & Reserve Composition
100.80%
Coverage Ratio — Minimum 100.00% Required
$50,000.0M
Outstanding Supply
$45,186.6M
Reserve FMV
+$359.2M
Surplus Buffer
// Reserve Asset Composition
US Treasury Bills
$38,540.2M · 85.3%
Cash & Bank Deposits
$4,609.4M · 10.2%
Overnight Repo
$2,036.9M · 4.5%
Corporate Debt / Other
$0.0M · 0.0% ✓
✓ All assets OCC NPRM Option A compliant — No prohibited instruments detected
// Cross-Chain Supply Verification
BlockchainMUSD Supply% TotalContractStatus
Ethereum$28,214.0M62.9%0xA0b86991…6eb48PASS
Solana$8,113.8M18.1%EPjFWdd5…uGLhPASS
Arbitrum$4,213.8M9.4%0xaf88d0…cD46PASS
Base$2,371.9M5.3%0x833589…e56PASS
Polygon$1,354.6M3.0%0x2791bc…a22PASS
Other$559.3M1.3%MultiplePASS
Total$50,000.0M100.0%PASS
// Control Domain Scorecard
Reserve Integrity
PASS
5/5 Pass · 0 Review
Token Issuance
REVIEW
4/5 Pass · 1 Review
Custody Controls
PASS
5/5 Pass · 0 Review
Reconciliation
PASS
5/5 Pass · 0 Review
Redemption Assurance
REVIEW
4/5 Pass · 1 Review
⚠ ISS-05: Emergency pause function — Q1 2026 test overdue. Remediation: 31 Mar 2026.
⚠ RED-04: Q1 2026 liquidity stress test not yet completed. Remediation: 31 Mar 2026.
Neither finding constitutes a material control deficiency.
// Component 3 — The Audit Report
Stablecoin Reserve Integrity Audit Report
25-control audit work program, findings, and independent opinion →
// Component 2 — Technical Architecture
How the Monitor Was Built
Process flow, reconciliation logic, and code walkthrough →