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This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer&#x2019;s reserves. The following day, Tether published its quarterly assurance opinion completed [&#8230;]

Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper

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Summary: USDT stablecoin issuer Tether released the latest report on its reserves. The report was independently audited by BDO, a major accounting firm ranked in the top five globally. Friday&#8217;s audit revealed a further reduction in the firm&#8217;s commercial paper holdings over the last quarter. Cash holdings and bank deposits increased as well, per the audit. Tether previously announced plans to shrink commercial paper holdings to zero by the end of 2022. The digital asset firm still holds around $8.5 [&#8230;]

Tether’s (USDT) $8.5 Billion Commerical Paper Holdings Validated By BDO Audit

Tether said August 18 that it is now working with BDO Italia, a top five global accounting firm, in an effort to increase the transparency of the USDT stablecoin. 

Tether to issue monthly attestation reports with new accounting firm BDO Italia

Tether has signed up accounting firm BDO Italia to produce monthly attestation reports for its stablecoin UST’s reserves.

Tether Hires Accounting Firm BDO Italia For Stablecoin Reserves, Adds Monthly Reports

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Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper

Tether’s (USDT) $8.5 Billion Commerical Paper Holdings Validated By BDO Audit

Tether to issue monthly attestation reports with new accounting firm BDO Italia

Tether Hires Accounting Firm BDO Italia For Stablecoin Reserves, Adds Monthly Reports

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