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The total size of the secured loan in the Tether reserve is $6.72 billion, fully backed by current assets

According to the third quarter of 2024 assurance report published by Tether, the total size of secured loans in its reserves reached $6.72 billion, exceeding the "excess" funds in its reserves, which totaled only $6.10 billion. This means that Tether (USDT) is once again partially backed by these secured loans. The report notes that the secured loans are fully secured by current assets and are regularly monitored, measured at amortized cost (the notional value of short-term secured loans), and a...

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2024-11-03 08:23:46
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