The other non-US dollar stablecoins that fall under Tether’s umbrella — XAUT, EURT, MXNT and CNHT — do not enjoy the same liquidity cushion as USDT.
As per the report, none of the other Tether-issued stablecoins have balances to cushion and maintain a 1-1 peg in times of crisis.
In totality, Tether’s transparency report contradicts the ongoing concerns related to its liquidity and backing of assets. In Oct. 2021, by the Commodity Futures Trading Commission for sharing"untrue" statements about its reserve holdings. However, authorities have not flagged any recent Tether transparency reports issued ever since over the past two years.
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