Tether’s (USDT) $8.5 Billion Commerical Paper Holdings Validated By BDO Audit USDT stablecoin issuer Tether released the latest report on its reserves. The report was independently audited by BDO, a major accounting firm ranked in the top five globally. Friday’s audit revealed a further reduction in the firm’s commercial paper holdings over the last quarter. Cash holdings and bank deposits increased as well, per the audit. Tether previously announced plans to shrink commercial paper holdings to zero by the end of 2022. The digital asset firm still holds around $8.5 billion in short-term debts at press time. Read more
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