24/7 Cryptocurrency News

Just In: Tether Soars with Record 85.7% Cash Reserves in Q3 Report

Tether's financial prowess shines with $3.2B excess reserves. USDT's dominance rises, but can they meet their 2023 loan promise?
Just In: Tether Soars with Record 85.7% Cash Reserves in Q3 Report

Tether, a stablecoin issuer, has announced a significant enhancement in its financial stability, according to its Q3 attestation report. The report reveals a record-breaking 85.7% of its total reserves are now held in cash and cash equivalents. This figure represents the highest percentage in the company’s history, underlining Tether’s commitment to maintaining liquidity and stability within the volatile crypto ecosystem.

Most of these reserves are U.S. Treasury Bills, totaling an impressive $72.6 billion. This strategic allocation of assets demonstrates Tether’s prudent approach to financial management. Moreover, the company’s decision to hold $1.7 billion in Bitcoin and $3.1 billion in gold adds another layer of diversification to its robust portfolio.

Advertisement

Tether’s Proactive Approach to Financial Management

Tether’s recent financial report indicates a clear strategic shift, focusing more on cash and reducing secured loans by $330 million. This proactive approach directly responds to the scrutinized financial practices that the firm has faced, showcasing its dedication to transparency and financial responsibility.

Despite fluctuations in the prices of Gold and Bitcoin, Tether’s financial stability remains unaffected, maintaining a stable excess reserves buffer. As of September 30, 2023, the firm’s consolidated assets stand at an impressive $86.4 billion against $83.2 billion in liabilities. This solid financial footing ensures the stability of the USDT stablecoin, which continues to dominate the market with a $84 billion market capitalization.

Advertisement

A Future-Oriented Stablecoin Operator

Tether’s latest financial disclosure paints a picture of a company that is not just weathering the crypto storm but is strategically navigating through it with a clear vision for stability and growth. With substantial investments in sustainable energy and research, Tether is positioning itself as a future-oriented stablecoin operator, ready to adapt and thrive in the cryptocurrency landscape. 

Read Also: Tether Silently Lending Out USDT Stablecoin Again

Advertisement

Share
Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms

Fintech giant Stripe has unveiled a suite of tools to enable businesses to tap into…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder

Metaplanet has expanded its Bitcoin portfolio with another purchase. The Tokyo-listed firm is now the…

October 1, 2025
  • Bitcoin News

BREAKING: Nasdaq Files with US SEC to List BlackRock Bitcoin Premium Income ETF

Nasdaq has officially filed to list and trade BlackRock iShares Bitcoin Premium Income ETF with…

October 1, 2025
  • 24/7 Cryptocurrency News

Mr Beast, Whales Buy ASTER Token Amid 20% Crash, What’s Next?

While the ASTER token has crashed 20% in the last 24 hours, to test the…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: U.S. Government Shuts Down After Congress Fails to Pass Funding Bill

The U.S government has entered its first shutdown since 2019 after lawmakers failed to reach…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: BNB Chain Account Hacked With Founder CZ Shown Promoting Meme Coin

The official X account BNB Chain has been compromised, with recent posts promoting a meme…

October 1, 2025