Tether says it has completely eliminated commercial paper from reserves

If there ever was a good time to release the promised BDO audit, now would be that time.

We all of course know no audit will be released ever

 

And so you were exactly right!! Blow up it did

 

not just yet…

 

Just as I predicted, we are in 2023, and no BDO audit.

 

That is because they were holding FTT in their reserves instead.

 

I don't think Tether should get an audit from a reputable firm... There's no value-add to having one

What's important is that Tether can meet redemptions when they come even the ones designed to depeg (attack) USDT

 

If Alameda hadn't been on its last legs, and ran out of capital, Tether's depegging would have been deeper.

 

There's always a next challenger

 

2 months into 2023 and still no BDO audit. Exactly what I predicted.