Tether’s excess reserves in Q3 were approximately $7.95 billion, nearly double the $4.1 billion at the end of Q2—the cushion has doubled.
Cumulative profit for the first three quarters was $4.5 billion. Of its $191.5 billion in reserves, $132.4 billion was held in short-term U.S. Treasury bills.
With $BTC hovering around $77,200 and $BNB around $700, the more volatile the broader market gets, the more important stablecoins become as an anchor.
#Stablecoins
Cumulative profit for the first three quarters was $4.5 billion. Of its $191.5 billion in reserves, $132.4 billion was held in short-term U.S. Treasury bills.
With $BTC hovering around $77,200 and $BNB around $700, the more volatile the broader market gets, the more important stablecoins become as an anchor.
#Stablecoins
