Tether’s Figures Questioned, People Demand for an Independent Audit

Time Stamp: February 24, 2022 7:36 AM
Source Node: 1185292

Tether_releases_asset_assurance_report_People_are_still_calling

  • Tether Holdings Limited releases its latest quarterly assurance opinion.
  • It shows a 21% decrease in its commercial paper holdings over the prior quarter.
  • People are calling for an independent audit despite its claim of transparency.

Moving away from today’s pitfalls, refreshing news emerged from the Tether camp. This news has generated another hot topic on Twitter which has made people insist that Tether employ the help of independent auditors. 

Tether’s latest asset assurance report indicates that reserves held exceed liabilities. Published on February 21, 2022, Tether Holding Limited made available its quarterly assurance opinion. The report shows a 21% decrease in its commercial paper holdings over the previous quarter.

The document claims that as of December 31, 2021, total assets recorded were at least $78.7 billion while its total liabilities amount to $78.5 billion. Out of this, $78.5 billion relates to digital tokens issued. This im …

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