Announced today, Tether, the leading stablecoin issuer, has emerged with a robust balance sheet showcasing ownership of over $2.8 billion in Bitcoin. The information comes to light following an audit conducted by BDO, a renowned auditing firm, as detailed in the official auditor’s report.

The audited report provides a comprehensive analysis of Tether’s financial standing, including more information on its Bitcoin holdings. Tether, known for its stablecoin USDT, has consistently played a massive role in the cryptocurrency market, facilitating transactions and maintaining a peg to the US Dollar.

“At Tether, we look forward to great 2024, with many new projects and products ready to come…

Read more on BitcoinMagazine