Are there any audits or reports on BUSD's backing assets?

3 answers

• Mar 29, 2022 · 3 years ago
  Yes, BUSD undergoes regular audits and reports on its backing assets. These audits are conducted by reputable third-party firms to ensure transparency and trustworthiness. The reports provide detailed information about the assets that back BUSD, including their type, quantity, and valuation. This helps to maintain the stability and reliability of BUSD as a stablecoin.
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• Mar 29, 2022 · 3 years ago
  Absolutely! BUSD takes the security and transparency of its backing assets seriously. Regular audits are conducted by independent firms to verify the existence and value of the assets. These reports are made available to the public, ensuring that BUSD holders can have confidence in the stability and trustworthiness of the stablecoin.
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• Mar 29, 2022 · 3 years ago
  As a representative of BYDFi, I can confirm that BUSD's backing assets are subject to regular audits and reports. These audits are performed by reputable third-party firms to ensure the accuracy and legitimacy of the assets. The reports provide transparency and reassurance to BUSD holders, making it a reliable stablecoin in the market.
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