Attestation – DIGIT INFO

Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits

DIGIT — Fri, 03 May 2024 02:18:46 +0000

Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether issued over $12.5 billion USDT during this period. Tether Attestation Registers Record-Breaking […]

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Tether attestation shows cash and cash equivalents of 86% as loans decline

DIGIT — Tue, 31 Oct 2023 19:00:11 +0000

Tether’s newest reserve attestation shows the highest-ever percentage of cash equivalents, with most reserves consisting of U.S. T-bills and repurchase agreements.

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Tether commercial paper exposure now under $50M, says CTO

DIGIT — Tue, 04 Oct 2022 02:59:08 +0000

Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by the USD.

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Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets

DIGIT — Tue, 20 Jul 2021 21:30:53 +0000

On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre Consortium’s accountant, Grant Thornton explaining that the stablecoin’s reserve account information matches the accompanying reserve account […]

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