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Tether, the issuer of the USDT stablecoin, has released its attestation report for Q3, 2023. The report reveals that the company’s cash and cash equivalents have reached their highest ever percentage share of total reserves. As of September 30, 85.7% of the reserves were in cash and cash equivalents, with the largest portion being $72.6 billion in US T-Bills. Tether also reported a significant reduction in secured loans, totaling over $330 million. The company’s CEO, Paolo Ardoino, emphasized the importance of maintaining liquidity and stability within the stablecoin ecosystem. In terms of investments, Tether holds $1.7 billion in Bitcoin and $3.1 billion in gold. The attestation report also shows that Tether’s issuance stood at $83.2 billion at the end of Q3 and increased to $84.5 billion by the end of October 2023.