Attestations

Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022
Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans
The USDT stablecoin currently has a market cap of roughly $84 billion.
Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022

a hundred dollar bill
Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash
The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter.
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Tether (Nikhilesh De/CoinDesk)
Tether Reports $1.48B Profit in Q1, Reveals Bitcoin, Gold Reserves
The company’s USDT stablecoin has seen rapid growth this year as the U.S. banking crisis hit rivals.
Tether (Nikhilesh De/CoinDesk)

Tether Chief Technology Officer Paolo Ardoino at Paris Blockchain Week in April. (Twitter/Bitfinex, modified by CoinDesk)
Stablecoin Issuer Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves
The newspaper reported that the firm's assets outweigh its liabilities by just $191 million, implying a relatively "thin cushion of equity."
Tether Chief Technology Officer Paolo Ardoino at Paris Blockchain Week in April. (Twitter/Bitfinex, modified by CoinDesk)

Fra Luca Pacioli  (1445-1517) was one of the earliest accountants. (Leemage/Corbis via Getty Images)
‘Correctly’ Was Wrong: Circle’s Accountant Tweaks Fine Print of USDC Attestation
Grant Thornton has switched from calling the $52.3 billion stablecoin’s reserve accounts “correctly stated” to the more equivocal “fairly stated.” Here’s why that matters.
Fra Luca Pacioli  (1445-1517) was one of the earliest accountants. (Leemage/Corbis via Getty Images)

Tether Chief Technology Officer Paolo Ardoino. Tether issues the USDT stablecoin.
Tether Takes Step Toward Transparency With First Accounting Firm Report Card
The report is similar to those produced by other stablecoin issuers like Centre or Paxos.
Tether Chief Technology Officer Paolo Ardoino. Tether issues the USDT stablecoin.