Tether (USDT) Stablecoin Issuer Has Billions of Dollars of Excess Reserves: Independent Audit Reveals

According to a recent audit by accounting firm BDO Global, Tether has $143.7 billion worth of reserves and about $136.613 billion worth of liabilities

Stablecoin issuer Tether (USDT) has billions of dollars in excess reserves, according to an independent audit.

Accounting firm BDO Global recently performed an audit on Tether, revealing that the stablecoin company had $143.7 billion in reserves and about $136.613 billion in liabilities, leaving a surplus of about $7 billion.

“The value of the assets composing the reserves as of 31 December 2024 exceed the value of liabilities of the companies issuing Tether tokens by $7,087,270,541.”

The audit also provides a breakdown of the assets held by Tether’s reserves, revealing that the company has $118.335 billion in cash and other cash equivalents, with the majority being US Treasury bills. Additionally, the stablecoin issuer has $14 million in corporate bonds, $5.3 billion in precious metals, $7.8 billion in Bitcoin (BTC), $8.1 billion in secured loans, and $3.9 billion in "other investments."

In 2022, a judge ordered Tether to demonstrate that it possessed the necessary assets to back its dollar-pegged crypto asset after a group of investors filed a lawsuit against the company, alleging that USDT was not backed by anything.

During the court proceedings, Tether maintained that the plaintiffs' requests were “overbroad” and “burdensome” and should be dismissed.

Tether currently has a "transparency" page on its website that provides daily updates on its reserve assets.