Tether: Commercial Paper Risk Zero, USDT Backed by At Least 81% Cash and Cash Equivalents

Tether's official document "The Evolution of Tether Reserves" pointed out that in 2022, Tether will reduce the risk of commercial paper to zero, there will be no gap in the liquidity of USDT holders, and Tether will not shrink. USDT is now backed by more than 81% in cash and cash equivalents, including over $39 billion in direct exposure to U.S. Treasury bonds, money market funds, reverse repurchase agreements, and cash and bank deposits. Tether said that despite selecting collateral based on its conservative and liquid nature, Tether's reserves and operations have generated over $700 million in net profits, which were added to Tether's reserves, resulting in a total excess reserve of $960 million Dollar.