Stablecoin issuers publish attestations and assurance reports to assure the broader crypto market that their coins are backed by real assets. Tether began publishing these reports after settling an inquiry with the New York Attorney General's office, when the law enforcement entity claimed that, for a time, USDT was not fully backed.

Tether officially began working with BDO Italia, the Italian member firm of BDO global organization, the top five ranked global independent public accounting firm, in July 2022 for its quarterly attestations. With this alignment, Tether will also focus on moving towards releasing its attestations from a quarterly basis to monthly reports.