USDT Issuer Tether Attestation Shows $3.2B in Excess Reserves

Approved by the accounting firm BDO Italy, the certificate disclosed $86.4 billion in assets in reserves as of September 30 compared to $83.2 billion in liabilities. This $86.4 billion in assets included approximately $72.6 billion of exposure to U.S. Treasury bonds, such as direct investments in Treasury bonds, repurchase agreements, and deposits in money market funds.