Attestations


Finance

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 CEO Paolo Ardoino (Bitfinex)

Opinion

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.

a hundred dollar bill

Finance

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.

(Nikhilesh De/CoinDesk)

Finance

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.  (Twitter/Bitfinex, modified by CoinDesk)

Layer 2

‘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)

Markets

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.

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