Tether, the issuer behind the industry’s largest stablecoin USDT, reported nearly $850 million in excess reserves for the second half of 2023, taking its totals up to $3.3 billion, an all-time high of …
Stablecoin Tether’s reserves hit record $86.5 billion in second quarter
The world’s largest stablecoin, Tether, said on Monday its assets rose 5.7% to $86.5 billion in the second quarter of 2023, while it made more than $1 billion “operational profit”, a 30% increase on …
Tether blacklists scammer after $20 million theft
On August 1, a scammer successfully executed a zero transfer phishing attack, stealing $20 million worth of USDT (Tether’s stablecoin) before being blacklisted by the issuer, Tether. The incident was reported by on-chain analytic firm PeckShield,
From Controversy to Confidence: Tether’s Reserves Roar to a Record $86.5 Billion, Building More Trust for the Stablecoin and the Crypto Sphere.
Tether announced it held a total of about $1.6 billion in Bitcoin at a fair price by the end of the second quarter.
Binance CEO Calls Tether USDT a `Blackbox` Lacking Transparency, Aims to Give Investors Alternatives
Binance CEO, Changpeng Zhao, has revealed the crypto exchange’s intention to introduce smaller algorithmic stablecoins.
Tether Reports Excess Reserves of $3.3 Billion While Binance Eyes Stablecoin Alternatives
This week, the world’s largest stablecoin by market capitalization, Tether, listed a $850 million increase in its excess reserves during its second quarter, according to a new attestation from the Belgian accounting company Binder Dijker Otter (BDO).
Over $18 Billion USDT Held In Binance, Bull Run Incoming? – NewsBTC
Nansen data on March 30 shows that over $18 billion of USDT is held on Binance, the world’s largest cryptocurrency exchange by user count and trading volumes. At this pace, USDT …
Zero Transfer scammer steals $20M USDT, gets blacklisted by Tether
The scam proposers because users generally check the first or last five digits of a wallet address and not the whole address, making them send the assets to the phishing address.
Tether Founder Responds To Concerns Over Not Publishing USDT Reserves – Bitcoinist
Hence, users started demanding more transparency in the reserves of most stablecoins. Tether USDT was among the coins that investors demanded to publish its reserves. A report mentioned that the …
Is Binance Working on a Tether (USDT) Rival? CEO Admits Concerns
Binance explores issuing more stablecoins, including its own algorithmic stablecoin, to diversify and reduce reliance on any single stablecoin.
The rise of Tether in gaming: Is it worth or not?
Explore the potential and rise of Tether in Gaming, as well as the question of whether it is worthwhile to invest in Tether or not.
As Tether’s Q1 profit more than doubles, USDT scripts a winning story in 2023 – AMBCrypto News
Tether’s excess USDT reserves reached an all-time high of $2.44 billion, reflecting an increase of $1.48 billion from Q4 2022. Leading stablecoin issuer Tether [USDT] reported a net profit of $1.48 …
Tether Reports $850 Million Q2 Profit, $72 Billion Exposure to US Treasuries
Altogether Tether has about $72.5 billion worth of U.S. Treasury Bills backing its USDT stablecoin, according to the report.
Toddler drowns after parents tether her to catamaran while they cooked dinner
The 13-month-old toddler, named Māhina Toki, died on Friday after falling from the catamaran Kalamari which was docked in Musket Cove in western Fiji.
Tether Claims Excess Reserves Topping $3.3 Billion
Tether has issued a report that claims over $3.3 billion in excess reserves after an increase of $850 million at the end of Q2 2023.
Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter
Tether, issuer of the USDT stablecoin, held $3.3 billion of reserve assets in excess to back the value of its stablecoins, the firm reported in its Q2 attestation on Monday. Signed by accounting …
Tether Dominates Stablecoin Market, Hits All-Time-High In Market Cap, Records $1.5B Net Profit
Tether has established itself as the dominant player in the stablecoin industry as its circulating supply approaches the 84 billion threshold.
Stablecoin Tether’s reserves hit record $86.5 bln in Q2
The world’s largest stablecoin, Tether, said on Monday its assets rose 5.7% to $86.5 billion in the second quarter of 2023, while it made more than $1 billion “operational profit”, a 30% increase on …
Tether Reports $850 Million Profit, Discloses Share Buyback
Tether Holdings, the company behind the world’s largest stablecoin, reported a second-quarter net profit of $850 million, largely thanks to the interest income on its Treasury holdings. Tether’s …
Tether (USDT) crypto launches Keet Mobile – The Cryptonomist
So, Keet Mobile is the first in a series of P2P applications based on Holepunch technology, a fully open source P2P technology stack. With it, users can initiate a call directly to another …
Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills
Tether releases its Q2 report for 2023, increasing its excess reserves to $3.3 billion and revealing its exposure to United States Treasury Bills.