Home Altcoins News Tether (USDT) is Fully Backed It’s backed 1:1 That’s All You Need To Know Jesus

Tether (USDT) is Fully Backed It’s backed 1:1 That’s All You Need To Know Jesus

Tether USDT

Tether recently expressed,Assurance Opinion Confirms Tether_to’s Reserves Fully Backed; Company Shares as Part of Ongoing Transparency Commitment.

One of the users who looked in to the statement stated:  This does not prove anything. What are your backing assets? BTC, USDC, BUSD, HUSD?

In response one user stated:  It’s backed 1:1. That’s all you need to know. Jesus.

They have reported their findings as of 28 February 2021, as: “Consolidated total assets amount to at least USD 35,276,327,156.  Consolidated total liabilities amount to USD 35,154,786,806 of which USD 35,111,966,857 relates to digital tokens issued. The group’s consolidated assets exceed its consolidated liabilities. The group’s reserves held for its digital assets issued exceeds the amount required to redeem the digital asset tokens issued.”

The Basis for the Opinion read thus:  We believe that the evidence we have obtained is sufficient and appropriate to provide a reasonable basis for our assurance opinion. They also stated:  “We conducted our attestation engagement in accordance with the: International Standard on Assurance Engagements (ISAE 3000 (Revised)).  International System for Quality Control (ISQC 1).  International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code) under which our responsibilities include being independent of Tether Holdings Limited group, and we have fulfilled our other ethical responsibilities in accordance with the IESBA Code.”

Those who are interested in getting to know the complete contents of the assurance opinion should check the Moore Independent Accountant’s Report addressed To the Board of Directors and Management Tether Holdings Limited.

On April 02, 2021 Paolo seems to be excited about:  @Tether_to $USDt 42B.

Also, Paolo pointed to how with the latest version of the Bitfinex mobile app, if you don’t have an account yet, you can now sign up and start trading directly from your mobile.  Thus, testifying that creating an account on Bitfinex now takes only a few seconds with the new mobile app.

Also, yet another news from Bitfinex was that this summer, Bitfinex will launch a chain of Pizza restaurants in honour of Laszlo Hanyecz who purchased pizza for 10,000 Bitcoin. The chain will be called Bitfinizza, and you can buy pizza using Bitfinex Pay.

And, in a recent interview we know that Paolo stated, he will definitely focus on privacy, more as a way to give to people back to allow them to keep their information with themselves, to share their information where they want.  May be we can expect such services which will work with privacy in a peer to peer fashion soon.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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