Second, the amount of assets Tether shows in its attestation report exceeds $86 billion which is a few billion higher than USDT’s market capitalization right now. It is worth mentioning that $2.4 billion of that is “Other Investments,” which could literally be anything. In any event, assets exceed liabilities for Tether which means it’s running an equity surplus.
Source: https://www.coindesk.com/consensus-magazine/2023/08/03/tether-is-going-on-a-bitcoin-buying-spree-but-it-should-be-holding-cash/?utm_medium=referral&utm_source=rss&utm_campaign=headlines