💵 Tether quietly updates its collateral breakdown, which includes ‘cash equivalents’ and third-party loans

After recent scrutiny, stablecoin Tether ($USDT) has updated its website to more lucidly describe its reserve policy, stating that it holds both traditional currency, cash equivalents, assets and receivables, and loans made to third parties. Bloomberg reviewed Tether's financials in December, stating that reserves most likely matched USDT circulation one-to-one.