Tether Reserves Report: USDT Maintains Dominance With $86.1 Billion Total Assets, Over 100% Reserve-Backed
Stablecoin issuer Tether posts its total assets at $86.1 billion as it maintains its leading market share despite growing competition and uncertain regulatory conditions.
In the company’s reserve report, while total assets stood at $86.1 billion, its liabilities amounted to $82.8 billion. Liabilities include user assets held in USDT across multiple networks.
This report shows the company’s stability as its reserves are over 100%. In total, the company posted a liquidity cushion of $3.2 billion signifying a surplus to the delight of the community.
The issuer’s $3.29 billion surplus is shareholder capital which is held on multiple networks, over 15 as explained in the statement.
Across the networks, Solana has a value pre-authorization of $1.57 billion with Ethereum and Tron coming next with $617 million and $353 million.
In recent years, Tether has come under regulatory scrutiny for allegedly sharing untrue financial statements resulting in a $41 million fine by the Commodity Futures Trading Commission (CFTC) in Oct 2021.