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Tether's $184 billion audit: Why everything you own in crypto depends on Tether's books
The unnamed firm (likely Deloitte, PwC, EY, or KPMG) faces an accounting nightmare: auditing Tether’s complex reserve mix including: • $141 billion in U.S. Treasuries • Cryptocurrency holdings • 148 tonnes of gold worth approximately $23 billion • Bitcoin • Tokenized liabilities Previous quarterly attestations by BDO barely scratched the surface compared to this deep dive into every asset backing your USDT trades. This shift marks a fundamental change in how the world’s largest stablecoin operates. Where attestations provided snapshots, a full financial audit demands comprehensive documentation of every ... (full story)
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