Tether Reveals More Details About Its Reserves

Other reserves included $6.28 billion cash and bank deposits, or 10% of the total, $1 billion in reverse repo notes (1.6%) and $15.28 billion of U.S. Treasury bills (24.3%), based on the attestation. In the May breakdown, Tether reported that commercial paper accounted for about 50% of its reserves, fiduciary deposits 18%, cash 2.9%, reverse repo notes 2.7% and Treasury bills 2.2%.