2025-12-01 19:54:47

Tried to cut through the FUD around USDT with a clear visualisation of Tether’s Q3 2025 balance sheet.

- Total liabilities stand at $174.4B
- Total assets come in at $181.2B
Surplus sits around $6.7B

Here’s what actually backs USDT:
- 77.2% is cash & cash equivalents
- 8% secured loans
- 7.1% precious metals (mainly gold)
- 5.4% Bitcoin
- 2.1% other investments

On top of these assets and surplus, the broader Tether Group holds ~$23B in retained earnings and generates ~$500M in monthly profits from U.S. Treasury yields.

BTC1,5%

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