An independent review reveals that Stablecoin Tether (USDT) had billions of dollars in excess reserves at the end of last year.
According to the hadith review With BDO GLOBAL accounting, Tether has $ 143.7 billion of reserves and about 136.613 billion dollars of obligations, making it a surplus of about $ 7 billion.
“The value of the assets that create reserves from December 31, 2024 exceeds the value of companies that issue Tether symbols by 7,087,270,541 dollars.”
Auditing scrutiny outperforms the assets behind Tether reserves. You find that the company has 118.335 billion dollars in cash and other cash equations – most of which consist of US Treasury bills. Stablecoin also has $ 14 million of corporate bonds, $ 5.3 billion of precious metals, $ 7.8 billion in Bitcoin (BTC), at $ 8.1 billion of guaranteed loans and $ 3.9 billion of “other investments”.
In 2022, Judge Tether ordered that he had assets that he would have to be able to support the encryption assets that were equipped with dollars after a lawsuit was filed by a group of investors who claimed that USDT was not supported by anything.
At that time, Tether argued in court that the plaintiff’s request should be dropped because they were “Overbroad” and “exhausted”.
Currently, Tether has a “transparent” page Updates Data on its backup assets on a daily basis.
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