Latest Assurance Opinion Once Again Confirms Tether’s Reserves Fully Backed; Tether Continues to Lead The Industry on Transparency.
As part of our continued commitment to transparency, Tether Holdings Limited today made available the most recent assurance opinion by Moore Cayman. The opinion and the underlying report from Tether has a reporting date of June 30, 2021. The report, available here, again clearly and unambiguously shows that all Tether tokens are fully backed by reserves and provides a comprehensive breakdown of those reserves.
Paolo Ardoino, Chief Technology Officer at Tether, said:
“As an industry leader, we understand the importance of transparency and accountability. Our most recent assurance opinion from Moore Cayman again confirms Tether is fully backed. A healthy and conservative portfolio with an emphasis on liquidity continues to fuel our growth and confidence in our innovative offerings.”
We will continue to provide regular updates while exploring additional opportunities to promote transparency with customers and the industry as we grow together.