An independent audit shows that Stablecoin -Emittent Tether (USDT) had billions of dollars in excess reserves at the end of last year.
According to a recent audit By Accountantskantoor BDO Global, Tether has $ 143.7 billion in reserves and around $ 136.613 billion in obligations, making it a surplus of around $ 7 billion.
“The value of the assets that the reserves draws up from December 31, 2024 exceeds the value of obligations of the companies that spend Tether -Tokens with $ 7,087,270.541.”
The audit also splits the assets behind Tether’s reserves. It finds that the company has $ 118,335 billion in cash and other kasequalents – the majority of which consists of American treasury drawings. The Stablecoin emittent also has $ 14 million in corporate bonds, $ 5.3 billion in precious metals, $ 7.8 billion in Bitcoin (BTC), $ 8.1 billion in secure loans and $ 3.9 billion in “other investments” .
In 2022, a judge ordered the order to prove that it had the assets claimed that it was able to support his dollar-pegto-active after the company was charged by a group of investors who claimed that USDT was not supported by something.
At the time, Tether argued before the court that the claimants’ request should be dropped because they were “overbroad” and “tricky”.
Currently, the Tether website has a ‘transparency’ page that updates Data about the reserve activa daily.
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Generated image: midjourney