Attestations, not audits. Tether is able to move assets between accounts on attestation day to show backing, and has done so in the past. You can read all abou

Attestations, not audits. Tether is able to move assets between accounts on attestation day to show backing, and has done so in the past. You can read all about it in the NYAG case Edit: to reply your edit, there was no recent name change. Tether really really wants to give the impression they’re audited, but they have never done one It’s not just a name change. The purpose of the attestations is to create the illusion of an audit.