Category: Tether (USDT)

(Bloomberg) — Tether Holdings Ltd., the operator of the largest stablecoin, will invest as much as 15% of profits on a regular basis in Bitcoin as part of a strategy to diversify its reserves. Most Read from Bloomberg Here’s How Much Wealth You Need to …

Tether International Ltd., the company behind the third-largest cryptocurrency by market value, will use 15% of its net investment profit, equivalent to $222 million of its first-quarter profit, on …

For years, Tether has been criticized within the crypto industry for its lack of transparency about its reserves and controversial investment decisions. However, the firm’s flagship token USDT emerged …

Tether said it would invest 15% of its net profit into bitcoin to “diversify” the reserves that back its USDT token.

SINGAPORE – media outreach – 16 May 2023 – , a leading global cryptocurrency exchange, is proud to announce its upcoming 5th anniversary and express …

Article Summary Nigeria’s strong appetite for the US dollar is fueling its growing interest in crypto assets, particularly stablecoins like …

Tether CTO Paolo Ardoino and former SEC attorney John Reed trade barbs over claims the stablecoin’s reserves are “dubious.” …

Tether Holdings, which operates the USDT stablecoin, is playing up the positive findings in its latest financial attestation as it faces continuing questions about its stability.

The stablecoin issuer Tether (CRYPTO: USDT) has recorded a net profit of $1.48 billion for the first three months of the year, which is double the figure for the same period last year.

The stablecoin giant reported an “excellent quarter” even as it fails to comply by basic accounting standards.

When assessing the monthly supply change of stablecoins from a high timeframe perspective, experts have noted decline in stablecoin outflows. Analysts at Glassnode believe the supply change suggests …

USD Coin brings stability to cryptocurrency, according to Alex O’Donnell, and policymakers should take measures to foster its adoption.

Sell USDT in Dubai facilitates the acceptance of fiat payments for cryptocurrency purchases, to accommodate cash trading in the global cryptocurrency market.

Tether Holdings Ltd., the operator of the largest stablecoin, increased its holdings of US Treasury bills to $53 billion while simultaneously cutting its exposure to cash in the first quarter, …

Tether, known as USDT, pegged to the U.S. dollar, has been actively managing its reserves to maintain stability and mitigate risks.

Xapo Bank says it has seen a strong appetite for the efficiency of stablecoin deposits and withdrawals among its members, many of whom are based in emerging markets. Since enabling USDC deposits in …

Tether is seen as less U.S.-oriented, meaning lower regulatory risk. Buying tether and bitcoin is really a vote against the U.S. system …

Tether Holdings Ltd., the operator of the largest stablecoin, increased its holdings of US Treasury bills to $53 billion while simultaneously cutting its exposure to cash in the first quarter, following a slate of US bank closures that impacted rivals.

Tether today reported a net profit of $1.48 billion, with the company behind the world’s biggest stablecoin saying it was “very optimistic for the future.” In a Wednesday blog post, the sometimes controversial company summed up its 2023 Q1 assurance report—prepared by accounting firm BDO Italia—by revealing that its reserves reached an all-time high of $2.

Tether Holdings Ltd., the operator of the largest stablecoin, said it recorded a first-quarter profit of $1.5 billion, more than double the forecast the company gave in late March.