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Tether, the operator of the largest stablecoin, has reported that almost 86% of its reserves were held in cash and cash equivalents in the third quarter, the highest percentage ever. Tether also released its audited third-quarter attestation report, which showed $3.2 billion in excess reserves and the highest-ever percentage of cash and cash equivalents. The company has solidified its lead over Circle in the stablecoin race, with USDT now more than three times as valuable as USDC. Tether also announced that it held over $2 billion worth of Bitcoin as of September 30, 2023.
Stablecoins have proven to be the "killer app" for crypto. Tether's market cap is pushing towards $100B, the company is making billions a quarter and the world is using $USDT to protect against inflation. @paoloardoino and I discuss. https://t.co/PCOq7qYQQL
One of the coolest things about the Tether fraud is so many crypto-reporters are prohibited from talking about the Tether fraud. They'll just completely ignore it like it doesn't even exist. Which creates fantastic dunking opportunities in the future for the ones that do.
Tether executives every time they post on twitter about another billion tethers they printed out of thin air with zero actual dollars backing them. https://t.co/EQpSI9OWe6
Tether is now one of earth's largest purchasers of Treasuries. It's now so large that attacking it would hurt the core USD ponzi. https://t.co/QWvkA3a9dH
Report Shows Over 85% of #Tether's Reserves Tied to Cash and Near-Cash Assets https://t.co/PYuhcGZaoa
In its Oct. 31 post, Tether provided BDO's Q3 2023 assurance opinion confirming the accuracy of its reserves report, with highest ever reports of reserves in cash and equivalents at 85.7% https://t.co/Yz9HRNNHyG
#Tether's Q3 Financial Disclosure Highlights $3.2B Surplus, $1.7B in #Bitcoin Reserves https://t.co/PYuhcGZaoa
Tether said that almost 86% of its reserves were held in cash and cash equivalents in the third quarter, the highest percentage ever for the operator of the largest stablecoin https://t.co/RKY7GHYQGN
You're seeing some people posting in defense of the blatant Tether fraud today. Some of this is being paid for by Tether, it's their PR doing some damage control after @SenLummis called for criminal charges against Tether. Just like SBF paid off people for their support, Tether… https://t.co/KjIzXW7HHl
Tether Announces Its Highest Percentage of Cash and Cash Equivalents Ever https://t.co/Aun8qeDjLl
Stablecoin issuer @Tether_to released its audited third-quarter attestation report, which showed $3.2 billion in excess $USDT reserves and the highest-ever percentage of cash and cash equivalents. @BrandyBetz reports https://t.co/4WooqDPdBH
ICYMI: Tether touts highest ever percentage of cash and cash equivalents in reserves https://t.co/NztF6pneeG
240% increase in the use of Tether fraud on the TRON blockchain by terrorist organizations in the past year! 🚀🚀🚀 Tether adoption is skyrocketing... with terrorists! Maybe Justin Sun can be the useful idiot for Tether? https://t.co/kDE7ZrPeaf https://t.co/0mlXo2jYAK
Tether said that almost 86% of its reserves were held in cash and cash equivalents in the third quarter, the highest percentage ever for the operator of the largest stablecoin https://t.co/cXqTqpeIjX
Tether said that almost 86% of its reserves were held in cash and cash equivalents in the third quarter, the highest percentage ever for the operator of the largest stablecoin https://t.co/utI1kwwZAx
Tether said that almost 86% of its reserves were held in cash and cash equivalents in the third quarter, the highest percentage ever for the operator of the largest stablecoin https://t.co/EQm7VimU7H
$USDT issuer Tether said it held roughly $3.2 billion in excess reserves to back its stablecoins. The company also trimmed its secured loans stash to $5.2 billion - still far from the promised reduction to zero this year. @sndr_krisztian reports https://t.co/knI1U2qCUB
There's not a single person that has come forward in the past six years and said that they redeemed Tether, here's how it works. Nearly everyone that has endorsed Tether and said they redeemed Tether, is currently sitting in prison for bank fraud, money laundering, etc. Some… https://t.co/YdyKa9SLL0 https://t.co/4DZHAuRfRI
Tether touts highest ever percentage of cash and cash equivalents in reserves https://t.co/KSIg8iWa76
Tether Holdings Limited published its assurance opinion for Q3 of 2023 completed by BDO public accounting firm. Cash and Cash Equivalents stands at 85.7%, of which the vast majority are US T-Bills accounting for US$ 72.6 billion. https://t.co/NJjkMCo924
JUST IN: As of September 30, 2023, Tether held over $1.6B worth of #Bitcoin 👀 With the recent price increase in October, their #Bitcoin holdings are worth over $2B 🙌 https://t.co/Y649wDG2z7
Remember when listening to SBF completely bomb his own case on the stand, this absolute moron was able to get verified by Tethers top notch world class award winning due diligence KYC/AML process, and become a verified and even championed by Tethers executives themselves, Tether… https://t.co/59zOIfHAMf
We tracked how Tether has solidified its lead over Circle in the stablecoin race: USDT now more three times as valuable as USDC. https://t.co/1qynXmlwSE https://t.co/1qynXmlwSE