Cash, cash equivalents, other short-term deposits and commercial paper make up 75.85% of Tether’s proven reserves as of March 31.
Tether Holdings Limited, the company behind the popular USDT stablecoin, released a full breakdown of its reserve composition on Thursday, offering more transparency about the composition of its assets. More than three-quarters of Tether’s reserves are held in cash, cash equivalents and other short-term deposits and commercial paper as of March 31, 2021. Within this category, commercial paper accounts for 65.39%, fiduciary deposits 24.20%,cash 3.87%, reserve repo notes 3.6% and Treasury bills 2.94%. Tether’s reserve breakdown shows a large concentration of assets held in cash and cash equivalents. Chart via Tether Holdings.Beyond this category, secured loans accounted for 12.55% of Tether’s reserves. Corporate bonds, funds and precious metals represented 9.96% and “other investments,”
Źródło: https://cointelegraph.com/news/tether-discloses-full-reserve-breakdown-for-the-first-time
