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 <p class="is-style-lead">In an Oct. 31 post, Tether Holdings Limited shared its assurance opinion for Q3 2023, which reaffirmed the accuracy of Tether’s reserves report.</p>
 <p>Notable findings included cash and cash <a rel="noopener noreferrer nofollow" title="equivalent" href="https://thebittimes.com/tag/equivalent.html">equivalent</a> reserves standing at 85.7%, mostly comprised of US T-Bills, in the amount of $72.6 billion between direct and indirect exposure.</p>
 <h2 class="wp-block-heading" id="weathering-a-volatile-market">Weathering a volatile market</h2>
 <p>The announcement went on to highlight the stablecoin issuer’s ability to weather market volatility, reporting quarterly returns from Cash and Cash Equivalent investments to be $1 billion.</p>
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    <p lang="en" dir="ltr">Tether today releases its <a rel="noopener noreferrer nofollow" title="attestation" href="https://thebittimes.com/tag/attestation.html">attestation</a> for Q3 /2023.- cash &amp; cash <a rel="noopener noreferrer nofollow" title="equivalent" href="https://thebittimes.com/tag/equivalent.html">equivalent</a> portion of reserves is all time high at 85.7%, yielding ~$1B<br><br>– US T-bill (direct and indirect) exposure at $72.6B<br>– reduced secured loans by $330M<br>– investments in energy, bitcoin mining and P2P tech… https://t.co/PXQ1H5gqUX pic.twitter.com/ibKJRPlBAg</p>— Paolo Ardoino (@paoloardoino) October 31, 2023
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 <p>At the same time, loans extended by Tether were not reported at $330 million, a substantial reduction from previous numbers, further highlighting its ability to manage financial assets.</p>
 <h2 class="wp-block-heading" id="in-the-interest-of-transparency">In the interest of transparency</h2>
 <p>At the end of October, Tether’s new boss made another announcement in the interest of the firm’s transparency, sharing news of the stablecoin issuer’s ability to publish real-time data on its reserves.</p>
 <p>The update was said to put an end to the question that had been bothering the crypto community since its inception in 2014.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Tether to start publishing data on USDT reserves in real-time
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tether-s-q3-attestation-reveals-highest-percentage-of-cash-and-cash-equivalents-ever-tbt68701.html">https://thebittimes.com/tether-s-q3-attestation-reveals-highest-percentage-of-cash-and-cash-equivalents-ever-tbt68701.html</a></p>

Tether’s Q3 attestation reveals highest percentage of cash and cash equivalents ever

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