USDT Reserve Attestation

Tether Holdings Limited - 2023-09-30

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

$86,400,000,000

Circulating Supply

$83,200,000,000

Coverage Ratio

103.85%

Custodians

Not disclosed in report.

Scope Notes

BDO opinion on the Sep 30, 2023 consolidated reserves report. Figures rounded as published; liability figure is total consolidated liabilities, not the digital-token-only split. ~$72.6B aggregate US T-bill exposure per the Q3 2023 announcement.

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 - 2023-09-30." https://grantstell.com/attestations/tether-usdt-2023-q3 (retrieved 2026-08-05).