82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation

The majority of Tether's reserves are 'extremely liquid' as per its latest attestation.

— a form of short-term corporate debt with a higher risk profile — has fallen to just 0.07% of its holdings.

The company claims to have incurred no losses from winding down its commercial paper holdings by more than $24 billion. United States Treasury Bills now account for over 58% of the stablecoin issuer's reserves. Tether booked a profit in the third quarter, adding $60 million to its excess reserves. Paolo Ardoino, Tether's chief technology officer, said the latest attestation demonstrates the company's healthy financial position and commitment to transparency.

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