6 ms·
I follow your theory, but as of the last audit that wasn't close to true.
by brandoncarl 4y ago
I follow your theory, but as of the last audit that wasn't close to true.
- LatteLazy 4y agoHas there been a public independent audit? I thought the lack of one was part of the issue...
- brandoncarl 4y agoThis is the closest. https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUg... As you can see, the rates don't map to any significant overcollateralization.