Tether Reveals $3.3 Billion Liquidity Cushion and Reserves Across Multiple Ecosystems
Tether, the stablecoin issuer, maintains a liquidity cushion of $3.3 billion across 15 blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. More ecosystems, providing stability and trust to its shareholders. The total assets under Tether amount to $86.1 billion with total liabilities of $82.8 billion, confirming a reserve backing of over 100%. The transparency report contradicts concerns about Tether’s liquidity and asset backing, and highlights the importance of issuance preauthorization for transparency and trust. Other stablecoins under Tether’s umbrella do not have the same liquidity cushion as USDT, making them less resilient during times of crisis.
Read the original HERE
