Tether ordered to produce documents showing backing of USDT [pdf]

Re:Tether ordered to produce documents showing backing of US... by evdubs on Wednesday September 21, 2022 @06:10PM (#32932236)

From [1]

- U.S. Treasury Bills: $28,856,434,491

- Commercial Paper and Certificates of Deposit: $8,402,426,505

- Money Market Funds: $6,810,253,431

- Cash & Bank Deposits: $5,418,232,067

- Reverse Repurchase Agreements: $2,992,015,954

- Non-U.S. Treasury Bills: $397,150,678

- Corporate Bonds, Funds & Precious Metals: $3,486,896,735

- Other Investments: $5,551,836,303

- Secured Loans: $4,494,373,260

- Total: $66,409,619,424

[1] https://assets.ctfassets.net/vyse88cgwfbl/2xJyKdUKicdRUWpC9b...

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Re:Tether ordered to produce documents showing backing of US... by laserlight on Thursday September 22, 2022 @02:28AM (#32935393)

Thanks for the reference. Although I'm not able to judge the validity of the report, looks like around half of Tether's assets (not necessarily half of their market cap) are held in dollar-denominated securities (T-bills and cash).

[ Parent | on HN ]