In a significant shift toward transparency, Tether, the company behind the world's most prominent stablecoin USDT, has announced it will start providing real-time disclosures of its reserves. This landmark decision comes as Paolo Ardoino, Tether's incoming CEO, prepares to take the helm of the $84 billion cryptocurrency giant. … [Read more...] about Tether steps up transparency, commits to real-time reserve disclosures
Tether announces soaring Q2 profits amid US treasuries exposure
Tether, a trailblazing stablecoin issuer, has recently reported an impressive profit of $850 million for the second quarter of the year. This announcement comes amid Tether's significant exposure to US Treasuries, with the company revealing a staggering $72 billion holding in these government bonds. … [Read more...] about Tether announces soaring Q2 profits amid US treasuries exposure
Tether strengthens its presence in Georgia, invests in sustainable bitcoin mining in Uruguay
Stablecoin issuer Tether announced that it is expanding its presence in Georgia through a strategic investment in CityPay.io, a payment processing company that operates in more than 600 locations across the country including shops, hotels, restaurants and more. … [Read more...] about Tether strengthens its presence in Georgia, invests in sustainable bitcoin mining in Uruguay
Tether will invest up to 15% of its profits into bitcoin
Tether, issuer of the most widely used stablecoin, will use up to 15% of its net realized operating profits to buy bitcoin in an effort "strengthen and diversify" the reserves that back USDT. … [Read more...] about Tether will invest up to 15% of its profits into bitcoin
Tether has reportedly surpassed Visa and Mastercard in terms of transaction volume in 2022
USDT, the biggest stablecoin in terms of market capitalization, has flipped top payment processors Visa and Mastercard in terms of settlement volume, according to a recent tweet by Tether. … [Read more...] about Tether has reportedly surpassed Visa and Mastercard in terms of transaction volume in 2022
Tether launches gold-backed stablecoin XAUT
Stablecoin issuer Tether has announced the launch of Tether Gold token, or XAUT, a new stablecoin that is pegged to physical gold. … [Read more...] about Tether launches gold-backed stablecoin XAUT
Crypto news in brief (May 27, 2019): Tether, bitcoin ETF, Kraken, Bitfinex, Ethfinex, Tokinex
- Tether admitted that it had invested some of its reserves in bitcoin and other assets - The US SEC has delayed its decision on the VanEck/SolidX bitcoin ETF proposal again - Kraken paid 250 salaries to staff in bitcoin in April - Bitfinex and Ethfinex launched IEO platform Tokinex … [Read more...] about Crypto news in brief (May 27, 2019): Tether, bitcoin ETF, Kraken, Bitfinex, Ethfinex, Tokinex
Tether redefines its collateral wording to ‘cash equivalents and other’
The policy update could be related to the ongoing investigation by the US Department of Justice on alleged price manipulation, launched in November. … [Read more...] about Tether redefines its collateral wording to ‘cash equivalents and other’