Understanding stablecoin attestation reports is essential for evaluating the financial health and reserves backing these digital currencies. The article outlines key components of such reports, including the role of auditors, the significance of transparency, and how to interpret the information provided. By mastering these aspects, investors can make more informed decisions regarding stablecoin investments.
Tether has reported a total exposure to U.S. Treasurys nearing $120 billion as of March, including indirect holdings through money market funds. The stablecoin issuer also announced an operating profit exceeding $1 billion for the quarter, while continuing to invest in diverse sectors.