#Tether Has More Treasury Holdings Than #UAE, #Australia, and #Spain

Tether has unveiled a remarkable surge in its excess reserves.Tether has strategically allocated profits to bolster reserves amidst crypto ecosystem vulnerabilities.Tether’s improved performance coincides with a significant surge in the cryptocurrency markets.

Tether, in its most recent financial attestation for Q2 of 2023, reveals a continuous growth in its treasury reserve holdings, further backing the circulation of #USDT tokens. The publication by accounting firm BDO highlights a substantial $850 million increase in the company’s excess reserves, bringing the total to an impressive $3.3 billion.