Tether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves which Moore Cayman claims are around $62.7 billion as of June 30.

Tether Publishes Assurance Report

On August 9, 2021, Tether’s chief technology officer tweeted that the company had published the firm’s “latest attestation” and a detailed “breakdown of reserves.” “Guess what? Tether is fully backed,” Tether’s CTO Paolo Ardoino said. “Rating of commercial papers is provided by S&P. Many people surely are already missing our famous pie chart,” he added.

Vaneck’s Gabor Gurbacs also tweeted about the report on Monday and said:

The latest Tether attestation is now out. Tether is continuing its effort to provide more transparency on the leading $62 billion stablecoin. In the recent attestation, asset breakdown, quality, and…

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Source: https://news.bitcoin.com/62b-stablecoin-giant-tether-publishes-assurance-report-moore-cayman/