Tether confirms $118.4 billion in reserves, exceeding liabilities by $5.3 billion

Tether, the company behind stablecoin USDT, has released its Q2 2024 attestation report, confirming reserves of $118.4 billion. As per the report, the reserves surpass the company’s liabilities by $5.3 billion. Tether’s disclosure of its reserves comes after the firm’s recent announcement that it purchased a 9.8% stake in Latin American agricultural giant Adecoagro for