USDT Reserve Attestation

Tether Holdings Limited - 2022-09-30

Engagement Details

Period Type

Quarterly

Engagement Type

Agreed-Upon Procedures

Standard

ISAE 3000 (Revised)

Opinion

N/A

Practitioner

BDO Italia S.p.A.

Assertion Party

Management of Tether Holdings Limited

Reserve Summary

Total Reserves

$68,061,618,458

Circulating Supply

$67,805,112,981

Coverage Ratio

100.38%

Custodians

Not disclosed in report.

Scope Notes

BDO opinion on the Sep 30, 2022 consolidated reserves report; ~$39.7B (58.1%) in T-bills and commercial paper cut below $50M per coverage. Report URL is a third-party mirror (kalzumeus.com) of the original PDF; Tether's own copy is not search-indexed.

GENIUS Act Disclosure Checklist

Factual observations only. See methodology.

• ✗Monthly disclosure published
• ✗Examination-level engagement
• ✗Practitioner PCAOB-registered
• ✓Composition by category disclosed

Source

Primary source PDF ↗

Source quality: Secondary Source

How to Cite

Reserve Attestation Registry. "USDT Reserve Attestation - 2022-09-30." https://grantstell.com/attestations/tether-usdt-2022-q3 (retrieved 2026-08-05).