BDO Italia – DIGIT INFO

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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Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves

DIGIT — Mon, 03 Oct 2022 20:30:35 +0000

On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly attestation, which had shown a decrease in commercial paper holdings. Tether’s Commercial Paper Holdings Shrank […]

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Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks

DIGIT — Mon, 12 Sep 2022 19:30:29 +0000

On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization. Tether Connects With the Near Protocol Tether has revealed that tether (USDT) is […]

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

DIGIT — Sat, 20 Aug 2022 18:30:58 +0000

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’s reserves. The following day, Tether published its quarterly assurance opinion completed […]

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