How does Tether maintain transparency in its balance sheet?

3 answers

• Nov 23, 2021 · 3 years ago
  Tether maintains transparency in its balance sheet through regular audits conducted by reputable accounting firms. These audits verify that the amount of Tether tokens in circulation matches the amount of corresponding reserves held by Tether. This ensures that Tether is fully backed by assets and maintains transparency in its operations.
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• Nov 23, 2021 · 3 years ago
  To maintain transparency in its balance sheet, Tether publishes a breakdown of its reserves, which include cash, cash equivalents, and other assets. This breakdown provides a clear picture of how Tether's funds are allocated and ensures transparency in its financial operations.
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• Nov 23, 2021 · 3 years ago
  Tether, like other stablecoin issuers, maintains transparency in its balance sheet by providing regular attestation reports from third-party accounting firms. These reports verify the amount of reserves held by Tether and provide assurance to users that Tether is operating in a transparent manner.
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