Pinalalakas ng Tether ang katatagan ng pananalapi na may mga record na reserbang cash, inihayag ang ulat ng pagpapatunay ng Q3
Tether, a leading issuer of stablecoins, has recently published its Q3 attestation report, signed off by the accounting firm BDO Italy. The document revealed that the company holds an impressive $86.4 billion in assets, countering its $83.2 billion in liabilities. Consequently, Tether boasts of having $3.2 billion in excess reserves, lending additional confidence to its already dominant market position. Most notably, these reserves include $72.6 billion in exposure to U.S. Treasury Bills, repurchase agreements, and money market funds. However, the report also showed a $330 million reduction in secured loans compared to the previous quarter. Tether, with its stablecoin USDT, has now solidified its position in the market with an $84 billion market capitalization. An optimized portfolio: Stability with profitability According to the report, Tether holds a record 85.7% of its total reserves in cash and cash equivalents. This signifies a high level of liquidity and stability for the company within the volatile crypto environment. Moreover, the reserves also encompass $5.2 billion of secured loans and promise further reductions to fulfill the company‘s December 2022 commitment to reduce loans to zero in 2023. Therefore, the newly released data underline Tether’s prudent financial management strategies, which have borne fruit in a notably robust