ATLANTA, May 7, 2019 /PRNewswire/ -- Verady - https://verady.com, the leading blockchain asset accounting, reporting, and verification company, is formally announcing its Ledgible platform feature for stablecoin monitoring. Cohen & Company (www.cohencpa.com) became the first client for this feature beginning in 2018 and has utilized the Ledgible platform to assist with reporting on multiple stablecoins. This reporting helps to ensure accurate and reconcilable asset backing.
Understanding how blockchain assets align with accounting, reporting, and verification is crucial to the adoption of cryptocurrency. "The foundation for Verady's work was developed years ago as an audit solution to verify Bitcoin assets. The Ledgible platform's accounting capabilities across blockchains, tokens, and exchanges is a natural evolution to match the ecosystem, and stablecoin monitoring is an important part of this process," said Nathan Eppinger, CTO of Verady. As the Ledgible platform continues to expand, it will add further traditional accounting platform integrations, more complex financial reporting, and a wider variety of use cases.
To read the full original article, click here
For more information on the current landscape of crypto taxation head on over to our blog page or click here to give Ledgible Tax a free trial. Our blog features a wide array of articles and news stories related to what's new and important in the cryptocurrency industry as well as accounting, and often tying the two fields together. Ledgible Tax software will provide you with all the tools you need in order to do all of your neccesary crypto accounting.