Tether Reports $63.77 Billion Assets in a New Disclosure Ordered by New York AG

Tether Reports $63.77 Billion Assets in a New Disclosure Ordered by New York AG

(Tether) Moore Cayman reported that Tether Holdings Limited has consolidated total assets of USD 63,773,190,075 against total liabilities of USD 62,628,932,116. 

The Moore Cayman report points out that US $62,610,829,196 of Tether’s liabilities relates to its USDT.

The report disclosed that most of Tether’s assets are in cash and cash equivalents, summing up to US$53.3 billion of its assets.

US$30.8 billion were reported as commercial papers and certificates of deposits; US$ 6.2 billion were in cash and bank deposits, while the US $15.2 billion was in treasury bills.

The New York State AG ordered disclosures by Tether in February as part of the US$18.5 million settlement.

Tether and its subsidiary Bitfinex were placed under investigation in an alleged cover-up of US$850 million loss in funds.

USDTUSD is up+ 0.01%.

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