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$37,438.00 1.7153
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Ethereum
Ethereum (ETH)
$2,037.12 0.94038
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BNB
BNB (BNB)
$229.98 1.9902
BNB price
Solana
Solana (SOL)
$56.31 3.51056
Solana price
XRP
XRP (XRP)
$0.6095140 1.62971
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000082 0.62946
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000011 2.61194
Pepe price
El Hippo
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$0.0000000129130 67.86735
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Bitcoin
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$37,438.00 1.7153
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Ethereum
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$2,037.12 0.94038
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BNB
BNB (BNB)
$229.98 1.9902
BNB price
Solana
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$56.31 3.51056
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XRP
XRP (XRP)
$0.6095140 1.62971
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Shiba Inu
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$0.0000082 0.62946
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Pepe
Pepe (PEPE)
$0.0000011 2.61194
Pepe price
El Hippo
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$0.0000000129130 67.86735
El Hippo price
Bitcoin
Bitcoin (BTC)
$37,438.00 1.7153
Bitcoin price
Ethereum
Ethereum (ETH)
$2,037.12 0.94038
Ethereum price
BNB
BNB (BNB)
$229.98 1.9902
BNB price
Solana
Solana (SOL)
$56.31 3.51056
Solana price
XRP
XRP (XRP)
$0.6095140 1.62971
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000082 0.62946
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000011 2.61194
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000129130 67.86735
El Hippo price

Tether’s Q3 attestation reveals highest percentage of cash and cash equivalents ever

tethers-q3-attestation-reveals-highest-percentage-of-cash-and-cash-equivalents-ever
Edited by
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Tether’s Q3 attestation reveals highest percentage of cash and cash equivalents ever

In an Oct. 31 post, Tether Holdings Limited shared its assurance opinion for Q3 2023, which reaffirmed the accuracy of Tether’s reserves report.

Notable findings included cash and cash equivalent reserves standing at 85.7%, mostly comprised of US T-Bills, in the amount of $72.6 billion between direct and indirect exposure.

Weathering a volatile market

The announcement went on to highlight the stablecoin issuer’s ability to weather market volatility, reporting quarterly returns from Cash and Cash Equivalent investments to be $1 billion.

At the same time, loans extended by Tether were not reported at $330 million, a substantial reduction from previous numbers, further highlighting its ability to manage financial assets.

In the interest of transparency

At the end of October, Tether’s new boss made another announcement in the interest of the firm’s transparency, sharing news of the stablecoin issuer’s ability to publish real-time data on its reserves.

The update was said to put an end to the question that had been bothering the crypto community since its inception in 2014.

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