Tether’s latest attestation showed assets exceeded liabilities by $4.11 billion while USDT supply climbed to $184.6 billion despite a shrinking stablecoin market.

Stablecoin market value has declined by about $10 billion from its May peak, marking the sharpest monthly contraction since 2022.

The latest Tether attestation offers a snapshot of the assets backing the world's largest stablecoin, including U.S. Treasuries and gold.