75.85% of Tether is Backed by Cash & Cash Equivalents Reveals USDT Quarterly Report

2021-5-13 18:05

Dominant stablecoin USDT issuer Tether Holdings Limited has released its quarterly report providing the breakdown of its reserves backing the issued Tether tokens.

As part of the settlement deal with NYAG, Tether will be releasing these breakdowns on a quarterly basis for the next two years.

Tether which currently has a market cap of nearly $60 billion, reported that as of March 31, 2021, 75.85% of the USDT is backed by Cash & Cash Equivalents & Other Short-Term Deposits & Commercial Paper.

This is further breakdown into Commercial Paper (65.39%), Fiduciary Deposits (24.20%), Cash (3.87%), Reverse Repo Notes (3.60%), and Treasury Bills (2.94%), states the report.

12.55% of the reserves account for Secured Loans not made to affiliated entities. Corporate Bonds, Funds & Precious Metals made up 9.96% of the reserve, while the rest 1.64% includes other Investments, including digital tokens. Tether said,

“Today’s publication reflects our continued dedication to making this information public as part of our ongoing commitment to transparency and setting the standard in our industry.”

Tether/USD USDTUSD 0.9999 $0.00 0.01% Volume 249.29 b Change $0.00 Open$0.9999 Circulating 57.76 b Market Cap 57.75 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=USDT&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~USDT~USD"); The post 75.85% of Tether is Backed by Cash & Cash Equivalents Reveals USDT Quarterly Report first appeared on BitcoinExchangeGuide.

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Tether (USDT) на Currencies.ru

$ 1.0003 (+0.01%)
Объем 24H $40.055b
Изменеия 24h: -0.01 %, 7d: 0.05 %
Cегодня L: $1.0002 - H: $1.0009
Капитализация $111.364b Rank 3
Цена в час новости $ 0.9999 (0.04%)

tether quarterly cash usdt report nyag deal

Источник: bitcoinexchangeguide.com

tether quarterly → Результатов: 8


Фото:

Денежные средства составили только 4% обеспечения USDT

Денежные средства и их эквиваленты сформировали 76% резервов Tether Holdings Limited. Такие данные содержатся в квартальном отчете эмитента USDT по состоянию на 31 марта 2021 года. 📢Tether releases quarterly information about the composition of its reserves backing issued tether tokens ⬇️https://t.

2021-5-13 19:53


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