Tether Holdings Limited, the firm that issues USDT, announced information from an independent attestation about the company’s performance over the preceding quarter. Tether’s assets were evaluated by the reviewer, renowned accounting firm BDO Italia, as of June 30, 2022. The USDT issuer had previously stated that it would reduce its commercial paper holdings by August 2022. According to the data, commercial paper exposure dropped from $20 billion the previous quarter to $8.5 billion, a 58% fall. Tether Releases Independent Auditor Report From Top 5 Accounting Firm BDO, Reinforcing its Dedication To Transparency And Revealing Another Major Cut To Commercial Paper Holdingshttps://t.co/an5O5KX8xd — Tether (@Tether_to) August 19, 2022 Paolo Ardoino, Tether’s chief technical officer, tweeted that the company intended to keep reducing its holdings of commercial paper until they reached $200 million by the end of August and then zeroed them out by the following October. As of June 30th, more than 58% decrease in Tether’s commercial paper holdings over the prior quarter from $20B to $8.5B.CP portfolio will be $200m by end of August and 0 by end of October. https://t.co/g5lJgs1r3n — Paolo Ardoino 🕳🥊 (@paoloardoino) August 19, 2022 Tether Published Quarterly Accounts Additionally, the blockchain-enabled platform possessed consolidated assets worth a little more than $66.4 billion at the time of the study. In the meantime, the overall ...
