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Tether Q3 report: Comprehensive total assets exceed liabilities, and the ratio of cash and cash equivalent reserves reaches a new high, reaching 85.7%
2023-10-31 14:59
Odaily News Tether Holdings Limited released the third quarter 2023 assurance report completed by the independent accounting firm BDO. As of September 30, 2023, the consolidated total assets were at least US$86,384,653,832, exceeding the total consolidated liabilities of US$83,176,997,409. The proportion of Tethers cash and cash equivalent reserves reached a record high of 85.7%, the vast majority of which are U.S. Treasury bills totaling $72.6 billion, including direct and indirect exposures. In addition, the amount of secured loans provided by Tether was significantly reduced by more than $330 million. Tether Group is not considering using a portion of its reserves to support investments in sustainable energy, Bitcoin mining, data and P2P technology with issued tokens. In the third quarter of 2023, investments in these areas reached US$668,891,473, and since the beginning of the year reached US$809,491,473.