Tether recently published an independent attestation report put together by accounting giant BDO Italia. The report revealed that the USDT issuer had eliminated its exposure to commercial paper as of 31 December 2022. USDT issuer Tether recently published its attestation report for the fourth quarter of 2022. The report, which was put together by accounting […]
Tether recently published an independent attestation report put together by accounting giant BDO Italia.
The consolidated reserves report as of 31 December 2022 revealed that the firm’s assets exceeded its liabilities by over $930 million. The consolidated total assets stood at $67.04 billion, against consolidated liabilities totaling $66.08 billion.Paolo Ardoino, the Chief Technology Officer at Tether, informed his followers onFurthermore, the
According to a statement by Tether, the firm’s reserves are extremely liquid. With no exposure to commercial paper, U.S. Treasury bills were the largest holding in the reserve at $39.2 billion.
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