🚀 Tether's Q3 Report Reveals Secured Loans Exceed Excess Reserves
#Tether #SecuredLoans #Reserves #USDT #Q3Report #Equity #LiquidAssets #CreditLoss #IFRS9
According to Odaily, Tether's third-quarter 2024 attestation report reveals that the total scale of secured loans in its reserves has reached $6.72 billion, surpassing the 'excess' funds in the reserves, which total $6.1 billion. This indicates that Tether (USDT) is once again partially backed by these secured loans. The report highlights that the secured loans are fully backed by liquid assets, regularly monitored, measured at amortized cost (nominal value of short-term secured loans), and adjusted for any expected credit loss provisions in accordance with IFRS 9.
It is important to note that Tether Group's total 'equity' of approximately $14 billion still exceeds the scale of the secured loans.#Tether #SecuredLoans #Reserves #USDT #Q3Report #Equity #LiquidAssets #CreditLoss #IFRS9
🚀 Stablecoins Expected to Boost U.S. Treasury Demand
#Stablecoins #USTreasuries #DebtMarket #Investment #CurrencyMarket #YieHsinHung #BostonConference #FinancialGrowth #LiquidAssets #USDebt #USDC
According to Odaily, a recent currency market fund conference in Boston highlighted the potential surge in demand for short-term U.S. Treasuries driven by stablecoins. Investors at the event anticipate that stablecoins will absorb a significant portion of U.S. debt supply later this year. Stablecoins, typically pegged to highly liquid assets like the U.S. dollar, require issuers to hold substantial liquid and secure reserves, often leading to the purchase of U.S. Treasuries.
Yie-Hsin Hung, CEO of State Street Global Advisors, noted that stablecoins are attracting considerable demand for the U.S. debt market. Currently, about 80% of the stablecoin market, valued at approximately $200 billion, is invested in U.S. Treasury bills or repurchase agreements. Although this represents less than 2% of the entire U.S. debt market, the rapid growth of stablecoins is likely to outpace the increase in U.S. debt supply.#Stablecoins #USTreasuries #DebtMarket #Investment #CurrencyMarket #YieHsinHung #BostonConference #FinancialGrowth #LiquidAssets #USDebt #USDC
🚀 Bullish Set to Launch on NYSE with Significant Asset Holdings
#Bullish #NYSE #cryptocurrency #PeterThiel #stocks #Bitcoin #ETH #assets #liquidassets #tradingplatform
According to BlockBeats, the cryptocurrency trading platform Bullish, backed by billionaire Peter Thiel, is expected to officially list on the New York Stock Exchange on August 13. In regulatory filings submitted on Monday, the company announced plans to sell 20.3 million shares priced between $28 and $31 each, potentially raising up to $629.3 million. Additionally, underwriters have a 30-day option to purchase an additional 3.045 million shares following the release of the prospectus.
Bullish disclosed in its filing that it currently holds over $3 billion in liquid assets. These assets include 24,000 Bitcoin, 12,600 ETH, and $418 million in cash and stablecoins.#Bullish #NYSE #cryptocurrency #PeterThiel #stocks #Bitcoin #ETH #assets #liquidassets #tradingplatform
🚀 Ripio CEO Highlights Tokenization's Value in Liquid Assets
#Ripio #CEO #Tokenization #LiquidAssets #SebastiánSerrano #Stablecoins #TokenizedBonds #TokenizedEquities #NFTs #RealWorldAssets
Ripio founder and CEO Sebastián Serrano emphasized the significant value tokenization can bring when applied to highly liquid assets. According to NS3.AI, Serrano noted that stablecoins, tokenized government bonds, and tokenized equities are more suitable for this model compared to NFTs and highly bespoke real-world assets. He argued that these liquid assets benefit more from tokenization due to their broader market appeal and ease of trading.#Ripio #CEO #Tokenization #LiquidAssets #SebastiánSerrano #Stablecoins #TokenizedBonds #TokenizedEquities #NFTs #RealWorldAssets