👉Tether’s latest reserve certificate responds to FUD: Net profit reaches new high, reserve surplus is US$2.44 billion👈
#Tether posted the latest long response to #FUD on the official website.
The reserve certificate shows that Tether's net profit reached a record high of US$1.48 billion, the reserve surplus exceeded US$2.44 billion, and bank cash deposits decreased by more than 90%.
In addition, Tether is committed to reducing secured loans, and the proportion has been reduced from 8.7% to 6.5%.
The amount of U.S. Treasury bonds held by Tether reached a record high of $53 billion, accounting for more than 64% of total reserves.
Tether also emphasized that they have cooperated with law enforcement, assisted in more than 150 investigations, and returned approximately $200 million in funds to their rightful owners.
They called on the media to protect customer information and avoid leaks.
