{"id":24296,"date":"2023-10-31T18:17:07","date_gmt":"2023-10-31T18:17:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tether-attestation-shows-cash-cash-equivalents-rose-to-85-7\/"},"modified":"2023-10-31T18:17:07","modified_gmt":"2023-10-31T18:17:07","slug":"tether-attestation-shows-cash-cash-equivalents-rose-to-85-7","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tether-attestation-shows-cash-cash-equivalents-rose-to-85-7\/","title":{"rendered":"Tether attestation shows cash &#038; cash equivalents rose to 85.7%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/tether-coins-and-logo-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/tether-coins-and-logo-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/tether-coins-and-logo-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/10\/tether-coins-and-logo-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Tether, the issuer of the USDT stablecoin, has released its Q3, 2023 attestation report.<\/span><\/li>\n<li><span style=\"font-weight: 400\">It shows the company\u2019s cash and cash equivalents increased to 85.7% of reserves, with $72.6 billion in US T-Bills.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Tether holds $1.7 billion in BTC and $3.1 billion in gold.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Tether has released its attestation report for Q3, 2023 that shows the USDT stablecoin issuer\u2019s cash and cash equivalent reserves have risen to its highest ever percentage share of total reserves.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per the report <a href=\"https:\/\/tether.to\/en\/tether-q3-attestation-reveals-highest-percentage-of-cash-and-cash-equivalent-reserves-over-330m-reduction-in-secured-loans-and-maintains-726b-exposure-in-us-t-bills\/\" target=\"_blank\" rel=\"noopener\">published<\/a> Tuesday, cash and cash equivalents stood at 85.7% as of September 30 this year. Of this, the largest percentage was in US T-Bills at $72.6 billion \u2013 which were in both direct and indirect exposure.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/tether\/\">Tether<\/a> also reported a significant reduction in its secured loans, with this at more than $330 million.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cWe\u2019ve achieved the highest ever percentage of our reserves held in Cash and Cash Equivalents, signaling our dedication to maintaining liquidity and stability within the stablecoin ecosystem. Our ability to reduce secured loans and weather market volatility is a demonstration of our robust risk management strategies,\u201d Tether CEO Paolo Ardoino said.<\/span><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400\">Tether\u2019s Bitcoin, gold holdings<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Cash and cash equivalent investments returns in the quarter was nearly $1 billion, while investments in industry-related research projects was $670 million for the quarter and $800 million for the year. Notably, the USDT issuer says the investments do not constitute part of the stablecoin\u2019s reserves.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tether today releases its attestation for Q3 \/2023.- cash &amp; cash equivalent portion of reserves is all time high at 85.7%, yielding ~$1B<\/p>\n<p>\u2013 US T-bill (direct and indirect) exposure at $72.6B<br \/>\u2013 reduced secured loans by $330M<br \/>\u2013 investments in energy, bitcoin mining and P2P tech\u2026 <a href=\"https:\/\/t.co\/PXQ1H5gqUX\">https:\/\/t.co\/PXQ1H5gqUX<\/a> <a href=\"https:\/\/t.co\/ibKJRPlBAg\">pic.twitter.com\/ibKJRPlBAg<\/a><\/p>\n<p>\u2014 Paolo Ardoino \ud83c\udf50 (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1719365334728065057?ref_src=twsrc%5Etfw\">October 31, 2023<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">The consolidated reserves shows $1.7 billion in Bitcoin (BTC) and $3.1 billion worth of gold. Meanwhile, excess reserves as of the end of the third quarter was $3.2 billion and forecast $4.3 billion for October 31. That will leave roughly $0.9 billion in secured loans as part of the total reserves.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Tether issuance stood at $83.2 billion as of the end of Q3, and up to $84.5 billion by the end of October, 2023, the company noted in the report.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/tether-attestation-shows-cash-cash-equivalents-rose-to-85-7\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Tether, the issuer of the USDT stablecoin, has released its Q3, 2023 attestation report. It shows the company\u2019s cash and cash equivalents increased to 85.7% of reserves, with $72.6 billion in US T-Bills. Tether holds $1.7 billion in BTC and $3.1 billion in [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24296"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24296"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24297"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}