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The attached image shows the "Proof of Reserves" released by Tether in September. Cash and cash-like assets ( account for the highest proportion, approximately 77%) US short-term Treasury bills: about 112.4 billion USD. Overnight/term repurchase agreements: about 21 billion USD. Money market funds + bank deposits + non-US short-term government bonds: about 6.48 billion USD. Other types of assets ( account for about 23%) corporate bonds: about 14.67 million USD. Precious metals: about 129.

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