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Tether claims to have increased total assets by $21B in new accounting review

Published 08/09/2021, 12:15 PM
Updated 08/09/2021, 02:00 PM
Tether claims to have increased total assets by $21B in new accounting review

Tether Holdings Limited, the company behind the USDT stablecoin, released an independent accountant report on Monday claiming that its tokens are fully backed by its reserves.

Moore Cayman, an accounting network based in the Cayman Islands, reviewed Tether’s latest Consolidated Reserves Report, or CRR, and determined that the company met its reserve obligations for the period that ended on June 30, 2021.

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