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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/tethers-reserve-report-86-1-billion-asset-pool-backs-stablecoin-supremacy/">Tether’s Reserve Report Sparks Debate: Is the Stablecoin Still 100% Backed?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency world is no stranger to scrutiny and transparency demands. In line with this ethos, Tether, a titan of the stablecoin industry, has just unveiled the contents of its recently updated reserve <a href="https://tether.to/en/transparency/#usdt">report</a>.</p> 
<p>The report has sparked a lot of debate, with some analysts praising Tether for its transparency and others raising concerns about the composition of its reserves.</p> 
<h2 id="a-snapshot-of-tethers-assets-and-liabilities" data-name="a-snapshot-of-tethers-assets-and-liabilities" class="wp-block-heading"><strong>A Snapshot of Tether’s Assets and Liabilities</strong></h2> 
<p>As of August 24, <a href="https://coinpedia.org/crypto-live-news/tethers-august-report-shows-over-100-reserve-ratio/">Tether</a> reported an impressive total asset pool valued at US$86.1 billion. In contrast, the stablecoin giant revealed liabilities amounting to US$82.8 billion. This disparity between assets and liabilities results in a commendable reserve ratio that comfortably crosses the 100% mark. Such a position indicates a liquidity buffer of $3.29 billion, an essential metric for any financial entity, offering a safety net across its operations on 15 distinct blockchains.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/tether-now-holds-more-u-s-treasuries-than-australia-uae-and-spain/">Tether Now Holds More U.S. Treasuries Than Australia, UAE, and Spain</a></p> 
<h2 id="terras-multi-bagger-profile" data-name="terras-multi-bagger-profile" class="wp-block-heading">Terra’s <strong>Multi-Bagger Profile!</strong></h2> 
<p>Tether isn’t just about US dollars. The company’s holdings span multiple currencies, each pegged on a 1-to-1 basis to their respective fiat counterparts. Here’s a quick breakdown:</p> 
<ul> 
 <li>US Dollar Tether (USD₮) holds the lion’s share with approximately $82.8 billion.</li> 
 <li>Euro Tether (EUR₮) accounts for €36.4 million.</li> 
 <li>Chinese Yuan Tether (CNH₮) stands at around ¥20.5 million.</li> 
 <li>Gold Tether (XAU₮), intriguingly, has reserves equivalent to ℥246,524.33 of gold.</li> 
 <li>The Mexican Peso Tether (MXN₮) wraps up the list with a total of $19.6 million.</li> 
</ul> 
<h2 id="diversifying-is-key" data-name="diversifying-is-key" class="wp-block-heading">Diversifying is Key</h2> 
<p>Tether’s vast asset base isn’t hoarded on a single platform. Instead, it’s judiciously distributed across multiple blockchains to ensure optimal liquidity and functionality:</p> 
<ul> 
 <li>Ethereum and Tron lead the way, handling assets worth $39 billion and $42.8 billion, respectively.</li> 
 <li>Solana oversees nearly $1.9 billion, while the Omni platform manages close to $888 million.</li> 
 <li>Blockchains like Avalanche, Tezos, and Algorand respectively host hundreds of millions in Tether assets, demonstrating the stablecoin’s broad reach.</li> 
</ul> 
<p>Read More: <a href="https://coinpedia.org/news/tether-to-refocus-on-major-blockchains-ceases-support-for-smaller-protocols/">Tether to Refocus on Major Blockchains, Ceases Support for Smaller Protocols</a></p> 
<p>Tether keeps a significant capital reserve. This additional liquidity cushion ensures stability within the Tether ecosystem, providing an extra layer of assurance for users. This commitment isn’t just a one time affair. The reserves are periodically reviewed, further cementing the company’s dedication to its user base and the broader crypto community.</p>

Tether’s Reserve Report Sparks Debate: Is the Stablecoin Still 100% Backed?

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