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Could you point me to an USDT audit? Thanks!
by Elinvynia 4y ago
Could you point me to an USDT audit? Thanks!
- Lionga 4y agoThe whole audit is nicely cover in a single "Trust me bro"
- mumbisChungo 4y agoyou can read the texts of them yourself and make up your own mind DYOR or "don't trust, verify" are common mantras in the industry for a reason, and similarly are the reason that I hold custody of my own assets rather than relying on centralized entities like FTX.
- mumbisChungo 4y agohttps://tether.to/en/transparency/#reports https://tether.to/en/transparency/#reports
- cycrutchfield 4y agoNot an audit
- mumbisChungo 4y agoOne of the first links on that page is a document titled "INDEPENDENT AUDITORS' REPORT ON THE CONSOLIDATED RESERVES REPORT" https://assets.ctfassets.net/vyse88cgwfbl/2xJyKdUKicdRUWpC9buRWR/6fe2987698dbbf39b947af718d736ddb/Std_ISAE_3000R_Opinion_30-6-2022_RC134792022BD0303.pdf https://assets.ctfassets.net/vyse88cgwfbl/2xJyKdUKicdRUWpC9b...
- cycrutchfield 4y agoA reserves report is not an audit
- swarnie 4y agoWho are bdo.it ? Not one of the first four auditing companies i'd call or trust.
- NovemberWhiskey 4y agoBDO is literally the number five accounting firm globally; so, yeah, not the top four, but ...
- mikeyouse 4y agoBDO is a legit company, though not a "Big-4", I think most would consider them top-10 for audit without any qualms. It's much more reputable than some of the firms that Tether had been trotting out in the past.
- ulrashida 4y agoRoughly 20% of Tether's "cash equivalent" investments are with grade A-1 and A-2 parties. It's effectively stable, until it's not. We'll see it in our lifetimes.