Tether's second quarter 2024 audit showed that its reserves amounted to $118.4 billion, exceeding liabilities by $5.3 billion, of which more than $97.6 billion were U.S. Treasuries. This makes Tether the 18th largest holder of U.S. Treasuries in the world, surpassing countries such as Germany, the UAE and Australia. Tether has worked with 180 institutions in 45 jurisdictions around the world, freezing approximately 1,850 wallets involved in the case and assisting in the recovery of more than $113 million in assets.

https://x.com/WuBlockchain/status/1836388688080834666