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Data questions

What is in Tether's reserves?

As of , the latest USDT attestation (BDO Advisory Services S.r.l., issued ) reports reserves of $187,751,426,411 against $183,622,105,630 of tokens issued, group-wide, not USDT alone. ReserveBeat measured 88,302,633,055.70 USDT on-chain on ethereum at . The table below reproduces the report's 13 lines in its own order and wording.

The answer, from the board

STALE states age, not lateness: the newest report ReserveBeat holds for this token is older than the cadence expected for it, which can happen while the next report is not yet due.

What is in Tether's reserves?
Line in the reportAmountUnit
Total Assets (1+2+3+4+5+6+7)187751426411.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
US$ 183,622,105,630 relates to digital tokens issued183622105630.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
U.S. Treasury Bills114960963604.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
Precious Metals18838357171.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
Overnight Reverse Repurchase Agreements18625552412.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
Secured Loans13453749726.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
Term Reverse Repurchase Agreements6993428950.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
Bitcoin5801630681.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
Other Investments5244911675.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
Public Equities3761438892.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
Cash & Bank Deposits40307440.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
Non-US Treasury Bills22374689.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.
Corporate Bonds8711171.000000USD
As reported in Tether's attestation dated 2026-06-30, prepared by BDO Advisory Services S.r.l.

Tether reports across its consolidated group, so these lines are the group's assets and not a ring-fenced pool for USDT alone. Every label and amount is the report's own; ReserveBeat does not regroup lines into categories of its choosing, and the attestation page for the same period links the source document and its stored hash.

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  • Data: ReserveBeat — https://reservebeat.com/questions/what-backs-usdt — figure as reported in Tether's attestation dated 2026-06-30.
    Source report
  • Data: ReserveBeat — https://reservebeat.com/questions/what-backs-usdt — supply measured on ethereum at 2026-10-19T10:17:59Z.

Terms used in this answer

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Attestation status
STALE
Newest data timestamp in this answer

Timestamps reflect the underlying data — when a figure was captured or a report was published — never when a page was built.

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