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Tether finally lands a Big Four auditor – but the $189B USDT question still isn’t answered
🤖AI Summary
Tether has secured its first Big Four auditor relationship through Deloitte's attestation of USAT, a US dollar stablecoin issued by Anchorage Digital Bank in collaboration with Tether. However, this development does not address the ongoing credibility questions surrounding Tether's flagship $189 billion USDT token reserves.
Key Takeaways
- →Deloitte issued an independent accountant's report on Anchorage Digital Bank's USAT Reserve Report on February 27.
- →USAT is a US dollar token issued by Anchorage Digital Bank in collaboration with Tether.
- →This marks Tether's first association with a Big Four accounting firm through its US strategy.
- →The audit does not cover USDT's $189 billion in reserves, leaving major transparency questions unresolved.
- →Tether's credibility battle regarding its main stablecoin backing continues despite this development.
Read Original →via CryptoSlate
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