Kiffmeister’s #Fintech Daily Digest (20220519)

Tether Reassures Users with “Assurance Opinion”

Tether published its March 31, 2022 quarterly assurance opinion showing that assets exceed its USTD liabilities ($82.4 billion versus $82.2 billion) and revealing a 17% decrease in commercial paper holdings (to $20.1 billion). Also, the average rating of commercial paper and certificates of deposits has gone up from A-2 to A-1, and investments in U.S. treasury bills have gone up 14% to $39.2 billion. However, 14% of assets ($11.8 billion) are comprised of secured loans, corporate bonds, funds, precious metals and “other investments (including digital tokens). [Read more]

Upcoming events I’m affiliated with:

Satoshi Capital Advisors is hosting a virtual workshop on wholesale CBDC, stablecoins and digital capital markets on May 24 (starting at 08:00 EST). [Register here with the passcode: CBDC]

The CBDC Think Tank is hosting a CBDC Papers Lecture Series on June 17 and 24 starting at 7am EST and running for 4 hours each day. [View list of papers and register here]