Tether is the largest stablecoin issuer in the world by market capitalization. It has completed its reserve fund certification by BDO, a major global accounting firm.
stablecoin company publishedThe BDO Assurance of February 9th confirms the accuracy of Tether’s Consolidated Reserves Report (CRR) as of December 31st, 2022.
CRR showthat Tether’s total assets are worth at least $67 billion More than $66 billion in total debt. with at least $960 million in excess reserves.
The report also shows that Tether ends in 2022 without a commercial paper.
Tether and Bitfinex Chief Technology Officer Paolo Ardoino took to Twitter on Thursday to suggest that Tether demonstrates “Impressive resilience” from the black swan incident that attacked several crypto firms. In the midst of a bear market in 2022
700M Q4/2022 profits for #tether
A thread$USDt https://t.co/XaOq9d3jKJ
— Paolo Ardoino
(@paoloardoino) February 9, 2023
“Tether represents a superior approach to risk management. which makes it possible to maintain leadership It reaffirms its commitment to being a leader in the creation of Bitcoin and stablecoin technology and investing in underlying projects.”
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