A partnership between stablecoin TrueUSD (TUSD) and Armanino, purportedly one of the 25 largest accounting and business consulting firms in the US, now allows traders and investors to conduct instant audits of the token’s fiat USD backing.

The news was announced by TrueUSD in a blog post on March 5, and a press release by Armanino on March 7.

Armanino said that TrustToken and its TrueUSD stablecoin cryptocurrency can be monitored via its hosted dashboard. The solution connects directly to third-party escrow accounts holding USD that collateralize TrueUSD tokens. It also runs its own Ethereum nodes to ensure accuracy of the outstanding TrueUSD token supply.

Andries Verschelden, partner-in-charge of Armanino’s Blockchain practice, said, “Through our dashboard we will create direct transparency into the marketplace and increase trust for all users, thus allowing a wider adaptation of this important product.”

Rafael Cosman, co-founder and Head of Engineering and Product at TrustToken, said that “with real-time confirmation of funds provided by one of the world’s leading accounting firms, traders will know at all times that their tokens are backed by real-world value.”

Stablecoins are cryptocurrencies backed by what are perceived as relatively “stable” physical asset by comparison, which are more commonly fiat currency or commodities like gold. TrueUSD is backed 1:1 with U.S. dollars.

TrueUSD is currently worth over $205 million by market capitalization with a circulating supply of over 202 million tokens as tracked by CoinMarketCap.

There have been doubts before in the market as to whether some stablecoins actually have sufficient fiat reserves to back their issuance of tokens to investors. For example, fellow US-pegged crypto Tether (USDT) came under fire within the crypto community last year after it broke off with its auditor before an official audit was released.

Without the audit, whether Tether’s backing in fiat was sufficient could not be confirmed. A confirmation supposedly came later, although this was only largely informally done. As recently as the beginning of this year, the controversy continues, reported TheCryptoSight.