Tether’s Reserves Surpass Liabilities by $5.3 Billion in Q2 2024 Audit
– In a significant development for the cryptocurrency market, Tether, the world’s largest stablecoin issuer, has announced the results of its second-quarter 2024 audit. The audit, conducted by Auditing Firm, revealed that Tether’s reserves have reached a substantial $118.4 billion, surpassing its liabilities by a comfortable margin of $5.3 billion.
This latest audit serves as a testament to Tether’s financial health and reinforces its position as a trusted and reliable asset in the cryptocurrency ecosystem. The surplus of reserves over liabilities provides a substantial cushion against potential market fluctuations and ensures that Tether can honor all redemption requests.
