MHA Cayman’s Latest Attestation Report ‘Going Concern’ Indicating Significant Uncertainty of Stablecoin

The post MHA Cayman’s Latest Attestation Report ‘Going Concern’ Indicating Significant Uncertainty of Stablecoin appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Tether’s Q1 2022 assurance report shows that Tether has reduced its commercial paper in its USDT reserves by 16.8%, after a week of its loss of 1:1 peg with the U.S dollar. Tether’s $82 billion reserves were 86% cash and cash equivalents, the rest includes $4 billion in corporate bonds, $3 billion in secured loans, …