Tether has released a brand new attestation (archive) (my copy) showing that they are fully backed! Well, it shows that for at least one entire minute Tether was fully backed.

The most important thing to establish upfront is that this is NOT the report that is mandated by the New York Attorney General in their settlement.

This assurance is looking very specifically at the status of Tether’s reserves as of February 28th 2021 at 11:59 PM UTC.

The auditing firm reviewed Tether’s Consolidated Reserve’s Report, which is included at the end of the document and is simply a statement by…

Bennett Tomlin

I no longer post here, please check: https://bennettftomlin.com/

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