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Stablecoin giant Tether sheds no new light on crypto reserves
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economictimes.indiatimes.comTether, which serves as a controversial foundation for much of the cryptocurrency market, didn’t shed any more light on where its reserves are held.Tether Holdings Ltd. had assets totaling at least $69 billion as of Sept. 30, according to an assurance from Cayman Islands-based Moore Cayman. That includes $30.6 billion in commercial paper and certificates of deposit, $7.2 billion in cash, almost $1 billion in money market funds and $19 billion in Treasury bills. The discloser showed that Tether shifted about $1 billion in “reverse repo notes” holdings to money-market funds. However, they don’t specify in which countries the money funds are based.
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