Tether finishes 2024 with $7 billion surplus reserves. Learn about its assets, liabilities, and reserves from the BDO Global audit report.
According to the independent audit report by BDO Global, Tether, the largest stablecoin issuer globally, concluded 2024 with $143.7 billion in assets against $136.613 billion in liabilities, resulting in a $7 billion surplus reserves. The report states that $118.335 billion of Tether’s assets consist of cash and cash equivalents (mostly US Treasury bonds). Additionally, the company holds $7.8 billion in Bitcoin (BTC), $5.3 billion in precious metals, $8.1 billion in secured loans, and $14 million in corporate bonds. This report comes after a court had requested Tether in 2022 to prove the backing of its assets.
