Tether just released it's quarterly reserve assesment, and they claim to have access to US$82,424,821,101

So after the UST/Luna fiasco, stablecoins have rightfully came under much more scrutiny. And everyone in this space knows that USDT (Tether) has long been suspected of hiding its true reserves.

This morning, Tether published a report signed by an independent firm in which the reserves are estimated at just over 82 billion USD.

One thing I personally find interesting is that Tether seems to be moving away from commercial paper (illiquid debt instruments compared to other financial vehicles) and more towards the rock solid US treasury bills. They claim that commercial papers went down by 17% fro prior quarter. Tether also says that the ratings of the commercial papers they still hold has been upgraded from A-2 to A-1, which theoretically mean that they are less likely to default.

Now, I would not take for granted all this information. Tether has shown some tendency to be somewhat secretive in the past. But given the recent events, I think it's a good thing that they try to be more transparent - and if the assesment is truthful, then the biggest stablecoin in our ecosystem is safe, and we don't have to worry about another depeg disaster.

What do you think about Tether reserve? I personally prefer USDC/DAI, but I'm curious about where this sub stands about USDT now.