tb303
Supreme Member
- Dec 18, 2011
- 1,238
- 909
PDF said:Pursuant to the above terms of Engagement, and the discretion provided by Tether, FSS selected the
date of June 1st, 2018, and received the following balance information from Tether’s two banks as of
the close of the banking day. FSS received the following confirmations from the respective banks by
sworn and notarized statements provided by duly authorized personnel.
BANK 1: $1,968,538,584.82 USD (unencumbered)
BANK 2: $576,528,652.00 USD (unencumbered)
TOTAL: $2,545,067,236.82 USD
In conjunction with receiving the above balance information, FSS requested the Chief Financial Officer
and the General Counsel of Tether to certify, by sworn statement, the amount of fully-backed USD
Tethers that were in circulation as of the close of business on June 1st, 2018.
https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdf
Current tether in circulation as per CMC
2,607,140,346 USDT
So what do you think does this take some of the heat off Tether for now? Obviously its not an audit so theres still the question of is this loaned money. FSS are a law firm rather than accountants but could we take this as legally binding? If there were a run have they proved that on 1st June at least everyone could actually cash out?