USDT Reserve Attestation

Tether Holdings Limited - 2022-12-31

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

$67,044,148,175

Circulating Supply

$66,057,260,169

Coverage Ratio

101.49%

Custodians

Not disclosed in report.

Scope Notes

BDO opinion on the Dec 31, 2022 consolidated reserves report. ~58% in US T-bills and zero commercial paper at year-end; $960M excess reserves per coverage. Full composition table not accessible so omitted.

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 - 2022-12-31." https://grantstell.com/attestations/tether-usdt-2022-q4 (retrieved 2026-08-05).