Tether has higher credit risk exposure to its reserve portfolio than its peers, flexibility in the reserve mix increase

03/28 09:50

A tweet retweeted by Paolo Ardoino, CTO of Bitfinex and Tether, said that Fitch released proof of reserve portfolios for five of the top eight stablecoins for Q4 2021. The amount and type of reserves are disclosed, most of which are U.S. Treasuries or cash. Tether, which provides the most detailed reports, has higher credit risk exposure to its reserve portfolio than its peers. However, flexibility in the reserve mix has increased. Treasury bills rose to 44% of total reserves by the end of 2021, up from 28% at the end of September 2021.
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