Tether’s August Report Shows Over 100% Reserve Ratio!

The post Tether’s August Report Shows Over 100% Reserve Ratio! appeared first on Coinpedia Fintech News

Tether’s reserve report for August 24th shows the stablecoin provider has a reserve ratio exceeding 100%, with total assets reaching $86.1bn and liabilities at $82.8bn. Tether currently holds a liquidity buffer of $3.29bn across 15 different blockchains, accommodating for USDT, EUR₮, CNH₮, XAU₮, and MXN₮. This marks Tether’s commitment to transparency and accountability while continuing to provide a reliable and stable store of value in the cryptocurrency ecosystem.