the staff of the Ridgewood blog
Ridgewood NJ, Tether, the issuer of the world’s largest stablecoin, USDT, has released its latest quarterly attestation report compiled by its new accounting firm, BDO Italia. Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation.
Continue reading The Market Cap Of The World’s Largest Stablecoin Tether Is Down 19% Since May 2022
