According to a new attestation report from BDO, Tether's reserves were made up of approximately 86% cash and cash equivalents as of September 30, which is the highest percentage ever. The report shows that $56.6 billion worth of reserves are in U.S. Treasury bills with a maturity date of less than 90 days, while another $8.8 billion was held in reverse repurchase agreements involving these bills. Tether has reduced its reliance on secured loans, which now make up only $5.1 billion worth of USDT reserves. BDO publishes attestations of Tether's reserves every quarter, with a one-month lag between the end of the quarter and the publication of the report.