In a significant financial milestone, Tether has disclosed its Q3 attestation report, showcasing an unprecedented 85.7% of its total reserves allocated to cash and cash equivalents. This figure marks the highest percentage of cash reserves in Tether’s history.
The majority of these substantial cash reserves are invested in U.S. Treasury Bills (T-Bills), with a total exposure exceeding an impressive $72.6 billion. In addition to these reserves, Tether holds $1.7 billion worth of bitcoin and $3.1 billion in gold assets, further bolstering its robust financial position. In total, Tether reports excess reserves totaling $3.2 billion.
This announcement underscores Tether’s commitment to transparency and stability within the cryptocurrency ecosystem. Stay informed about Tether’s financial developments at Cryptopulse Hub.
