Today, Tether Holdings Limited proactively made available a recent assurance opinion by Moore Cayman confirming that information in the company’s Consolidated Reserves Report is accurate. This attestation by an independent accountant—a member of Moore Global, one of the largest accounting networks in the world—re-confirms our long-stated position that all Tether tokens are fully backed by Tether’s reserves.

You can read the assurance opinion and the Consolidated Reserves Report here.

Tether has always been fully backed, and the assurance opinion we made available today confirms it once again. As Tether’s growth in the market continues to validate our business, we understand the public’s interest in this matter and are pleased to share this attestation as part of our ongoing commitment to transparency.

Since the founding of Tether, we have made earnest and continuing efforts to enhance our public disclosures and communications. As a leader in the growing cryptocurrency industry, we remain committed to being among the most transparent stablecoins. This latest assurance opinion—and our dedication to providing further reports moving forward—is a reflection of that commitment.