Tether's Accountants Confirm it has sufficient assets to redeem all issued Tether

Here's the link to the report:

https://tether.to/en/transparency/#reports

You have to click on the lefthand MHA Cayman box.

But, seeing as half this sub wont bother to read it, here's the key part:

"In our opinion, the Consolidated Reserves Report ("CRR") as prepared by the management of the Group as of 31 March 2022 at 11:59 PM UTC, is, in all material respects, fairly presented in accordance with the criteria, including Management’s Key Accounting Policies, set out therein.

Our findings as of 31 March 2022, at 11:59 PM UTC are:

• The Group’s consolidated total assets amount to at least USD 82,424,821,101 and the asset breakdown set out in the CRR is materially accurate.

• The Group’s consolidated total liabilities amount to USD 82,262,430,079of which USD 82,188,190,813 relates to digital tokens issued.

• The Group’s consolidated assets exceed its consolidated liabilities.

• The Group’s consolidated reserves held for its digital assets issued exceeds the amount required to redeem the digital asset tokens issued."

bUt tHaT's nOt aN auDit!!!!!

*We believe that the evidence we have obtained is sufficient and appropriate to provide a reasonable basis for our assurance opinion.

We conducted our attestation engagement in accordance with the:

• International Standard on Assurance Engagements (ISAE 3000 (Revised))

• International System for Quality Control (ISQC 1)

• International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code) under which our responsibilities include being independent of the Group, and we have fulfilled our other ethical responsibilities in accordance with the IESBA Code.

Those standards require that we plan and perform the attestation examination to obtain reasonable assurance about whether the assertions by the Group’s management in its CRR are fairly stated, based on our INVESTIGATION of the balances set out therein, in all material respects. An assurance engagement involves performing procedures to obtain reasonable evidence about the CRR*