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08:31
Odaily Planet Daily News Tether Transparency Report shows that it currently holds nearly $3.3 billion in liquidity buffer reserves, distributed in 15 blockchain ecosystems. Among them, the Solana ecosystem takes the lead in the value of pre-authorized issuance, currently at $1.57 billion, while Ethereum and Tron rank second and third with pre-authorizations of $617 million and $353 million, respectively. As of August 24, Tether's total assets were US$86.1 billion, its total liabilities were US$82.8 billion, and its reserve ratio exceeded 100%. Tether's other non-USD stablecoins (XAUT, EURT, MXNT, and CNHT) do not enjoy the same liquidity buffer as USDT. According to the report, other Tether-issued stablecoins temporarily do not have balances to cushion and maintain their pegs during times of crisis. (Cointelegrahp)
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