Tether data tracking:
At the end of March 2023, Tether had $81.8 billion in assets.
Data from May 15, 2023 shows that USDT, the largest issued asset, has now reached 82.8 billion US dollars, and has grown significantly in the past month and a half.
Of the 81.8 billion in assets, 84.7% is in cash and equivalents, 4.14% is invested in gold, and 1.83% is invested in Bitcoin.
The U.S. national debt alone accounts for 64.8%.
If we observe the structure over the past few years, we will find that during the Fed's interest rate hikes, Tether quickly increased its investment in government bonds and reduced its investment in corporate bonds.
As the banking crisis progressed, Tether reduced its bank deposits and increased its allocation to money market funds.
Compared to the now-acquired Silicon Valley Bank, even Tether’s investment is more in line with market risk changes.
On the one hand, Tether faces lower redemption pressure, and on the other hand, it does not need to pay interest on its liabilities, and it can earn profits with large amounts of funds.
