Tether Cash Reserves Hit Record, Plans Real-Time Audits

Tether Reports Cash Reserves Hit Record, Plans Real-Time Audits

Tether's recent attestation report by BDO reveals that 86% of its reserves were in cash and cash equivalents on 30 September, the highest ever for the Tether Reserve. Tether aims to introduce real-time audit reports in 2024.

It detailed $56.6 billion in US Treasury bills, $8.8 billion in reverse repurchase agreements, and $8.2 billion in Money Market funds, reducing reliance on secured loans to $5.1 billion. Tether plans to further reduce loans by $1.1 billion by October 31, leaving $900 million in loans as part of reserves.