Tether’s recent certification report reveals that as of September 30, their assets included US Treasury bills worth $72.6 billion and securities worth $86.38 billion, making up 84% of their total assets.
In addition, they accounted for 85.7% of their assets in cash and cash equivalents, totaling $83.18 billion (including $83.15 billion in USDT). This left an excess reserve of $3.2 billion.
According to Tether CEO Paolo Ardoino, their increase in cash and cash equivalent reserves is a testament to their dedication in maintaining stability and liquidity within their ecosystem.
The company also holds significant amounts of assets in Bitcoin ($1.66 billion), gold ($3.15 billion), and other assets ($3.7 billion).
The report also mentions a decline of $330 million in secured loans issued. This comes after The Wall Street Journal’s report in September that Tether had resumed lending in their stablecoin, a year after announcing they would stop the practice.
