Tether released its Q3 report, showing that Tether's consolidated assets once again exceeded its consolidated liabilities. As of September 30, 2023, Tether Group announced:
- Consolidated total assets of at least $86.385 billion.
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Consolidated total liabilities of $83.177 billion, with digital tokens accounting for $83.153 billion.
The company’s assets exceed its liabilities.
Tether’s reserves held in cash and cash equivalents reached a record high of 85.7%, the majority of which are U.S. Treasury bills totaling $72.6 billion, including direct and indirect exposures. Additionally, the amount of secured loans provided by Tether decreased significantly by over $330 million.
Tether Group does not consider allocating a portion of its reserves to support investments in sustainable energy, Bitcoin mining, data, and P2P technologies through issued tokens. In the third quarter of 2023, investments in these areas amounted to $668,891,473, reaching $809,491,473 since the beginning of the year.
