2min chapter

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This Is What We Know About How Tether Works

Odd Lots

CHAPTER

What Is an Attestation?

Tether does not get a formal like audit, but they say they publish this attestation. What is that? So I'm not an accountant or an auditor or lawyer. But based on the auditors I've talked to about this and attestation is a much lower level of assurance where the auditor or accountant is looking at a set of records compiled for them by the management of the entity. They don't involve the same kind of controls testing as an audit. And so they provide some level of assurance, but notably less than like a full financial audit.

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