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Tether Reveals Reserves Breakdown For The First Time Since 2014

source-logo  decrypt.co 13 May 2021 09:12, UTC

Stablecoin issuer Tether has revealed a breakdown of its reserves for the first time since 2014, according to The Block.

As of March 31, 2021, almost 76% of Tether's reserves were held in cash or cash equivalents. The remaining quarter was held in secured loans, bonds, and other investments that include Bitcoin.

This story is developing. Check back soon for updates.

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