Tether stablecoin is fully backed, says new assurance report

Cointelegraph

Published Mar 30, 2021 09:54AM ET

Updated Mar 30, 2021 11:40AM ET

Tether Holdings Limited, a company behind the world’s largest stablecoin Tether (USDT), has released an assurance opinion to confirm that Tether tokens are fully backed by its reserves.

In a statement shared on Twitter Tuesday, Tether provided the company’s Consolidated Reserves Report, or CRR, accompanied by an assurance report from accounting network Moore Cayman.

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