{"id":249021,"date":"2021-05-13T21:20:00","date_gmt":"2021-05-13T18:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tether-discloses-full-reserve-breakdown-for-the-first-time\/"},"modified":"2021-05-13T21:20:00","modified_gmt":"2021-05-13T18:20:00","slug":"tether-discloses-full-reserve-breakdown-for-the-first-time","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tether-discloses-full-reserve-breakdown-for-the-first-time\/","title":{"rendered":"# Tether discloses full reserve breakdown for the first time"},"content":{"rendered":"

“# Tether discloses full reserve breakdown for the first time <\/strong>”<\/p>\n

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.\u00a0<\/p>\n

More than three-quarters of Tether\u2019s reserves are held<\/a> 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%. <\/p>\n

Tether’s reserve breakdown shows a large concentration of assets held in cash and cash equivalents. Chart via Tether Holdings.<\/em><\/figcaption><\/figure>\n

Beyond this category, secured loans accounted for 12.55% of Tether\u2019s reserves. Corporate bonds, funds and precious metals represented 9.96% and \u201cother investments,\u201d including digital tokens, were 1.64%.<\/p>\n

\u201cToday\u2019s 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,\u201d the company said.<\/p>\n

Tether has been submitting periodic reports about the status of its reserves since reaching a settlement with the New York Attorney General<\/a>\u2019s Office in February. The latest disclosure, however, was the first time that Tether provided a full breakdown of its assets. As Cointelegraph recently reported, Tether has already passed multiple assurance tests from Moore Cayman, a Cayman Islands-based accounting network, which has confirmed that the company\u2019s consolidated assets exceed its liabilities. <\/p>\n

The stablecoin issuer reached a major milestone late last month after it minted its 50 billionth USDT token. As a U.S. dollar-backed stablecoin, that means company assets exceed $50 billion.<\/p>\n

The market capitalization of USDT now stands at roughly $57.8 billion, according<\/a> to Coingecko. As a comparison, Tether\u2019s market cap first reached $40 billion in late March.<\/p>\n