{"id":566275,"date":"2021-03-30T18:02:30","date_gmt":"2021-03-30T15:02:30","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566275"},"modified":"2021-03-30T18:02:30","modified_gmt":"2021-03-30T15:02:30","slug":"tether-usdt-is-fully-backed-moore-cayman-report","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/tether-usdt-is-fully-backed-moore-cayman-report\/","title":{"rendered":"Tether (USDT) is Fully Backed – Moore Cayman Report"},"content":{"rendered":"
In brief:<\/strong><\/p>\n A new independent accountant’s report by Moore Cayman shows that Tether’s USDT stablecoin is fully backed by fiat. According to the team at Moore Cayman<\/a>, Tether’s Consolidated Reserves Report of February 28th is accurate. The report went on to provide the following findings of Tether’s reserves.<\/p>\n The team at Tether<\/a> has since released a statement regarding the findings of Moore Cayman. According to Tether<\/a>, USDT has always been fully backed<\/a> and the growth of the digital asset continues to validate their business. They also added that Tether is very committed to providing the transparency of its businesses by providing further reports moving forward.<\/p>\n At the time of writing, Tether’s market cap stands at $40.675 Billion according to data from CoinGecko.com. USDT is ranked 4th on the tracking website below Binance Coin and above Cardano<\/a> as seen in the screenshot below.<\/p>\n\n
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Tether Reiterates that USDT has Always Been Fully Backed<\/h2>\n
Tether’s Market Cap Exceeds $40 Billion<\/h2>\n