Tether, the issuer of USDT, the highest market cap stablecoin, released its quarterly report after announcing that it has officially begun working with BDO Italia, the Italian arm of the BDO global organization, the fifth largest global independent public accounting firm, for quarterly attestations.
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
In the relevant report, it was stated that Tether's cash assets increased by 32 percent, and it was announced that they have a reserve of 66.4 Billion USD.
