Tether, a leading stablecoin provider, has reported significant developments in its Q3 2023 report, showcasing its commitment to fortify its financial position and ensure the stability of its stablecoin, USDT. The report reveals an impressive $3.2 billion of excess reserves backing the value of its stablecoins, with a notable reduction in secured loans. Tether’s strategic moves aim to enhance the resilience of its financial assets, instilling confidence in its users and investors.
Tether Expands Reserves and Reduces Secured Loans in Q3 2023
