Josemendez
Verified member
The company responsible for the stable coin USDT , Tether has made known to the public their reserves and backing for the their stable coin USDT. This came up over the concerns from investors as there were rumours that SEC is planning an attack on the coin.
In order to convince the investors , Moore Cayman, an auditing firm in the Cayman Islands reports that the company consolidated assets amounted to at least US$62,773,190,075 for the reporting period, while the company’s consolidated total liabilities were US$62,628,932,116 . $62,610,829,196 were reserves to USDT,
This will go a long way in convincing investors that the company will be able to sustain the stable coin.
In order to convince the investors , Moore Cayman, an auditing firm in the Cayman Islands reports that the company consolidated assets amounted to at least US$62,773,190,075 for the reporting period, while the company’s consolidated total liabilities were US$62,628,932,116 . $62,610,829,196 were reserves to USDT,
This will go a long way in convincing investors that the company will be able to sustain the stable coin.