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Tether, the largest stablecoin operator, has solidified its lead over Circle's USDC as USDT becomes more than three times as valuable. OKX, a cryptocurrency exchange, has published its twelfth monthly proof of reserves, demonstrating overcollateralization. OKX's proof of reserves program is considered the most comprehensive in the crypto industry. Tether Holdings Limited has published its assurance opinion for Q3 of 2023, revealing that almost 86% of its reserves are held in cash and cash equivalents, the highest percentage ever. Tether also reported $3.2 billion in excess reserves and a reduction in secured loans to $5.2 billion.
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
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
Tether says it makes money but can’t ditch loans https://t.co/ifgs6MKnrW
$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 $5.2 billion - still far from the promised reduction to zero this year. @sndr_krisztian reports https://t.co/knI1U2qCUB
Tether touts highest ever percentage of cash and cash equivalents in reserves https://t.co/KSIg8iWa76
Tether Holdings Limited published its assurance opinion for Q3 of 2023 completed by BDO public accounting firm. Cash and Cash Equivalents stands at 85.7%, of which the vast majority are US T-Bills accounting for US$ 72.6 billion. https://t.co/NJjkMCo924
OKX announced the twelfth asset reserve certificate (snapshot date 10-24). User BTC assets were 136k, a decrease of 4.49% from the last time (9-18); user ETH assets were 1.42 million, increased by 3.5%, with an increase of 48,000 ETH; user USDT assets were 4.91 billion; user USDC… https://t.co/sXCkta9iav
Impressive that @okx has continued improving their Proof of Reserves program for a full year. Probably the most comprehensive Proof of Reserve program in crypto at this point. https://t.co/WeUqlIcwE0 https://t.co/Cs7oa4AOHw
OKX marks a year of transparency, consistently publishing Proof of Reserves in a volatile crypto market https://t.co/ftwgPOT677
📢 Hot Off The Press 📢 #OKX is proud to publish our October 2023 #ProofOfReserves report demonstrating ≥100% reserves AND marking 12 consecutive months of leading the industry in openness and transparency. Don't trust, verify: https://t.co/KH5Oa5GBFa https://t.co/exDbIvrN0t
.@okx publishes twelfth monthly proof of reserves, showing exchange is overcollateralized, @thesamreynolds reports https://t.co/9EGoaAiUFq
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