Tether’s Q3 Financial Disclosure, confirmed by BDO, reveals 85.7% reserves in “Cash and Cash Equivalents,” mainly US T-Bills, and a $330 million drop in secured loans. CEO Paolo Ardoino highlights the commitment to liquidity and stability. They’ve invested over $800 million in research areas for a sustainable financial future. Ardoino took over as CEO on October 13, 2023, and Tether diversified investments into Bitcoin mining and AI with a $420 million investment in Nvidia GPUs.
Tether’s Q3 Financial Disclosure Highlights $3.2B Surplus, $1.7B in Bitcoin Reserves
