Tuesday, June 1, 2021

Tether: Bahamian 2021Q1 Data

The 2021Q1 data is out.  The overall banking system shrank.  The only significantly-changed asset is "due from financial institutions, head office or branches outside the Bahamas."  That's the inside-large-global-banks cross-border banking entry.  Everything else +/- unch.

So it's unlikely there are any crypto-related assets getting reported here at all, whether it's reserves or just exchange/fund cash balances.  Cause the crypto space wasn't exactly flat in Q1.

Report here.

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