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Simon Dixon reports that Tether resolved long-running reserve doubts by completing a comprehensive financial audit through KPMG. The audit verified gold bar reserves and Treasury bonds held at Cantor Fitzgerald, confirming Tether is fully overcollateralized.
Tether completed its first independent reserve audit with KPMG US. While David Bennett notes public statements omitted Bitcoin holdings, Arkham Intelligence data indicates Tether holds nearly $60 billion in Bitcoin alongside physical gold and US Treasuries.
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