TechFlow news — Tether has released an audit report issued by MooreCayman, an accounting firm specializing in auditing services for investment funds and the digital asset industry, reaffirming that all tokens issued by Tether are fully backed by sufficient reserves as of June 30. The report shows that Tether's reserve assets include $30.8 billion in commercial paper and certificates of deposit, $6.28 billion in cash and bank deposits, $1 billion in reverse repurchase agreements, $15.28 billion in U.S. Treasury securities, $2.517 billion in secured loans, $4.831 billion in corporate bonds, funds, and precious metals, and $2.055 billion in other investments (including cryptocurrencies), totaling over $62.773 billion in reserve assets.
Add to Favorites
Share to Social Media
