The stablecoin USDT, which is the leader in the crypto money market in terms of market value, has published a new reserve report every 3 months.
Tether, the company behind USDT, in their latest quarterly reserve report, 1 USDTin response to 1 dollar reported how they used the capital they created with Instead of holding all the money in their hands in cash, the company transforms it into different types of investment instruments.
Compared with the previous report of the company, the commercial papers in their possession 24.2 from billion 20.1 by billions 17%It is seen that they go to a decrease of . amount of cash on hand 4.2 billion dollars, 4.1 Tether, which reduced it to $ billion, also increased its holdings of US bonds. 34.5 billion dollars, 39.2 made billions of dollars
Tether’s “other investmentsinvestments under the category that he named “” and causing controversy. 5.02 from billions of dollars 4.96 reduced to billions of dollars.
Market value thanks to the investments made by the company 74 despite the fact that its reserve value is billion 82.4 It looks like a billion dollars.