Analysis: Tether's Cash Reserves Account for Only 0.04% of Total Assets
According to a report by Jinse Finance, stablecoin issuer Tether previously released its Q1 2025 performance report, which noted that the company holds over $120 billion in U.S. Treasury bonds, with quarterly profits exceeding $1 billion. However, data shows that Tether's cash reserves are only about $64 million, accounting for just 0.04% of its total assets, indicating that Tether holds very little cash. Additionally, Tether has $8.8 billion in "secured loans," and it is currently unclear whether Tether has other means to quickly access liquid cash to manage redemptions.
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