Tether’s assets exceed liabilities in new reserves report by BDO

in USDT reserves in June 2022. At the time, commercial paper accounted for less than 25% of USDT’s total reserves of $82 billion.Paolo Ardoino, Tether and Bitfinex’s chief technology officer, took to Twitter on Thursday to point out that Tether demonstrated an “impressive resilience” to market black swan events that hit a number of crypto companies amid the bear market of 2022.

BDO noted that the auditor’s opinion is limited “solely to the CRR and the corresponding consolidated total assets and consolidated total liabilities” as of Dec. 31, 2022. “Activity prior to and after this time and date was not considered when testing the balances and information described above,” the firm added.

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Tether assets exceed liabilities in new reserves report by BDOTether’s latest consolidated reserves report shows that Tether ended 2022 with zero commercial paper and reduced its secured loans as committed. Auditor's report on tether's report. Wordplay. BDO did a sampling as written. paoloardoino Also heard you made $700m in profit, very impressive bfxleosafrica paoloardoino Still wondering why some authorities crack down on USDT sometimes 😑😑 bfxleosafrica
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