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The March attestation was published 5/24 (the day prior to that article) and is available on the Centre website[1]. It doesn’t appear there’s cause for alarm in this case.

[1] https://www.centre.io/hubfs/pdfs/attestation/grant-thorton_c...


Except the attestations have stopped saying how much cash they have in their accounts and now just say that Cricle _claim_ they have enough assets to cover the liabilities.

This is a HUGE change and massively cause for alarm.


Probably no depositor insurance but whatever.


Note that apparently attestations just validate that a certain bank account had a certain number at a certain time, which obviously does not account for loan obligations. In Tether's case

> https://www.singlelunch.com/2021/05/19/the-tether-ponzi-sche...

> [Tether was] Failing to complete an audit and settling on an attestation “for transparency”. The morning of the attestation, tether moved $380m from sister company bitfinex into a bank account to pass the verification


That site is generally not a trusted news source. I'd follow that link up with something else.


OK: https://www.centre.io/usdc-transparency It's now June and they haven't published information for April 31st.




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