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Summary

  • Tether has just released its reserve report which has sparked debate about the composition of its reserves.
  • As of August 24, Tether reported an impressive total asset pool valued at US$86.1 billion, with liabilities amounting to US$82.8 billion.
  • Tether’s holdings span multiple currencies, including USD₮, EUR₮, CNH₮, XAU₮, and MXN₮ distributed across multiple blockchains.

    • Tether’s Reserve Report Sparks Debate

    The cryptocurrency world is no stranger to scrutiny and transparency demands. In line with this ethos, Tether, a titan of the stablecoin industry, has just unveiled the contents of its recently updated reserve report. The report has sparked a lot of debate, with some analysts praising Tether for its transparency and others raising concerns about the composition of its reserves.

    Assets and Liabilities

    As of August 24, Tether reported an impressive total asset pool valued at US$86.1 billion. In contrast, the stablecoin giant revealed liabilities amounting to US$82.8 billion. This disparity between assets and liabilities results in a commendable reserve ratio that comfortably crosses the 100% mark. Such a position indicates a liquidity buffer of $3.29 billion – an essential metric for any financial entity – offering a safety net across its operations on 15 distinct blockchains.

    Holdings Span Multiple Currencies

    Tether’s vast asset base isn’t hoarded on a single platform but is instead spread across various currencies which are each pegged on a 1-to-1 basis to their respective fiat counterparts:

    • US Dollar Tether (USD₮) holds the lion’s share with approximately $82.8 billion.


    • Euro Tether (EUR₮) accounts for €36.4 million.



      Tetther’s asset base is also distributed across multiple blockchains such as Ethereum and Tron leading the way when it comes to liquidity pools over different platforms..