WebAug 28, 2024 · The company has faced questions before about whether its revenues are sufficient enough, and the Journal noted that Tether has been promising an audit since … WebJul 21, 2024 · Tether has also been under scrutiny for its lack of regulation and prohibition of accounts being audited. Professor of Finance at Sussex Business School Carol Alexander writes about the credibility of Tether. She told DisruptionBanking: “Very active arbitrage activity is what keeps the 1:1 USD peg of these coins.
How should we regulate stablecoins such as Tether?
WebJun 21, 2024 · Tether, the world’s largest stablecoin with $68 billion in assets, will undertake a full audit with a top 12 accounting firm in order to improve transparency of its USDT reserves.. The move comes as USDT has steadily lost market share following a series of redemptions over the past few weeks, caused in part by weakening confidence after the … WebMay 13, 2024 · According to the breakdown, Tether’s reserves as of March 31, 2024 were composed of 75.85% cash and equivalents, 12.55% secured loans, 9.96% in corporate bonds and precious metals and 1.64% in ... baideng hiking
Tether tangled in controversies, as nobody can validate the
Web1 day ago · KPMG has been fined 875,000 pounds ($1.09 million) for its audit of lighting manufacturer Luceco for its financial year to Dec. 31, 2016, Britain's accounting watchdog said on Thursday. WebNov 26, 2024 · The Friedman LLP audit company, rejected by Tether for being too much “slow and deep in the process” has been fined in September $1 million by SEC for being “sloppy,” but nobody cares. WebMar 30, 2024 · Produced by Cayman Islands-based accounting firm Moore Cayman, the document examines Tether’s holdings as of Feb. 28, 2024, at 23:59 UTC, finding the company had at least $35.28 billion in total ... aqualung midi