Tether (USDT), the most used stablecoin globally, has completed its latest third-party audit, with results showing full 100% fiat and treasury bill backing. The audit was conducted by a globally recognized auditing firm and published on the Tether website.
This move is seen as a step toward rebuilding trust after multiple stablecoin collapses in recent years, including the infamous TerraUSD crash in 2022.
Key takeaways:
-
No unbacked reserves found
-
80% of assets held in short-term US treasury bills
-
Increased transparency for stablecoin users
Stablecoins like USDT are integral to day-to-day exchanges, especially in countries with unstable local currencies. With confirmed backing, traders and users can proceed with more confidence.
🔁 At RoboExchanger, USDT remains the most popular currency for cross-border exchanges, including payouts to bKash, Nagad, and international wallets.
Post a Comment