Tether Claims Record Level of Cash and Equivalent Reserves

Tether's attestation report for Q3 revealed that cash and cash equivalents made up 85.7% of its total reserves, the highest percentage ever. The majority of these reserves are in U.S. T-Bills, with a total exposure of $72.6 billion. Tether also holds $1.7 billion in bitcoin and $3.1 billion in gold, with excess reserves of $3.2 billion.