Bitcoin Gains Help Swell Tether’s Buffer to $8B
Photo: Coindoo
Key Takeaways Buffer rose $3.8B against a $1.5B profit. Bitcoin holdings gained about $2.6B in value. Short-term reserves slipped to $139.6B. Restated opening equity blurs the quarterly comparison. In its October 30 release , Tether reported $1.5 billion in quarterly net operating profit and $191.5 billion in reserve assets against $183.5 billion in liabilities. The buffer grew faster than the business earned $4.2B June 30 ~2.2% of liabilities → $8.0B September 30 ~4.3% of liabilities Circles sized to the reported surplus of assets over liabilities The buffer is simply reported assets minus liabilities.
Source: Coindoo
