An effort to adopt a policy managing the size of the city’s cash reserves stalled at the Minot City Council meeting Monday.

According to the announcement, Tether holds $5.6 billion in excess of reserves for its USDt (USDT) stablecoin, down from $7.1 billion in excess from the last quarter of 2024. The stablecoin has a ...

As of May 8, the total value of Gate.io’s reserves stands at $10.865 billion, with a total reserve ratio of 128.57% and an excess reserve of $2.415 billion. Currently, the BTC reserve ratio is ...

It also sets up guardrails for using these excess reserves, only allowing funds to be accessed in tough economic times. Even then Lawson-Remer and Montgomery Steppe say, no more than 25% of the ...

“We have more than $100 million in excess reserves, just sitting in an account, above what’s recommended by best fiscal practices,” she said. “So today, I’m calling for immediate reform ...

Excerpt from Tether’s Q1 2025 financial report. Source: Tether According to the announcement, Tether holds $5.6 billion in excess of reserves for its USDt (USDT) stablecoin, down from $7.1 ...