Tether Calms USDT Depeg Fears With New Reserves Report - Aliens: AI Crypto News & Markets Updates
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Tether Calms USDT Depeg Fears With New Reserves Report

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Crypto Briefing

Thu, May 19, 2022

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Tether has published its Consolidated Reserves Report along with attestation from the independent auditing firm MHA Cayman.

The report shows Tether's consolidated assets exceeding its consolidated liabilities, suggesting tha USDT was fully backed as of Mar. 31.

Conducted by independent accountants MHA Cayman, the attestation shows Tether’s consolidated assets exceeding its consolidated liabilities, suggesting that Tether’s USDT tokens were fully backed as of Mar. 31.

Tether has published the latest independent attestation of the reserves backing its USDT stablecoin.

The attestation independently re-affirmed the accuracy of Tether’s quarterly reserves report, which showed the company’s consolidated reserves exceeded its consolidated liabilities.

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