Crypto Continues to Shrug Off Looming Debt Ceiling, Despite Tether and USDC Diversifying into Bitcoin Good morning Asia. Bitcoin and ether stand unwavering, shrugging off the potential turbulence from the U.
Tether dijo que comprará bitcoin para sus reservas de stablecoin utilizando ganancias obtenidas
Tether dijo que destinará alrededor del 15% de las ganancias realizadas de inversiones —con excepción de cualquier revalorización no realizada del precio de sus activos de reserva— a comprar BTC. Luego, agregará los tokens al excedente de reserva.
Tether to Purchase Bitcoin as Part of Reserves Strategy Shift
(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 to Spend Millions on Bitcoin to Diversify USDT Reserves
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 …
Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
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 buys $222 million worth of bitcoin to back its USDT stablecoin
Tether said it would invest 15% of its net profit into bitcoin to “diversify” the reserves that back its USDT token.
Bingx Celebrates 5Th Anniversary With 10 Million USDT Reward Pool
SINGAPORE – media outreach – 16 May 2023 – , a leading global cryptocurrency exchange, is proud to announce its upcoming 5th anniversary and express …
Why Nigerian youths use USDT to hedge against naira
Article Summary Nigeria’s strong appetite for the US dollar is fueling its growing interest in crypto assets, particularly stablecoins like …
Tether Boasts Record Profits—But Reserve Claims Remain ‘Dubious’, Says Former SEC Attorney
Tether CTO Paolo Ardoino and former SEC attorney John Reed trade barbs over claims the stablecoin’s reserves are “dubious.” …
Tether boasts of its financial stability after strong profits, money moved out of banks
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.
$1.5 Billion In Profits For USDT? Tether Stablecoin Announces Healthy Bitcoin Holdings
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.
How much does Tether (USDT) hold in reserves?
According to Gurbacs, gold has gained significant importance for Tether Limited, the entity responsible for issuing USDT. With a hefty sum of $3.4 billion in reserves held in gold, the stablecoin has …
Tether’s balance sheet is still a black hole
The stablecoin giant reported an “excellent quarter” even as it fails to comply by basic accounting standards.
Stablecoin outflows are diminishing, here’s how capital is returning to crypto markets
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 …
The US should promote USDC — before it’s too late
USD Coin brings stability to cryptocurrency, according to Alex O’Donnell, and policymakers should take measures to foster its adoption.
Sell USDT in Dubai Introduces Cash Trading, Enabling Easy Access to Crypto in the UAE
Sell USDT in Dubai facilitates the acceptance of fiat payments for cryptocurrency purchases, to accommodate cash trading in the global cryptocurrency market.
Tether Boosts T-Bill Holdings, Cuts Banks Exposure
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 Holdings Increases Treasury Bills, Reducing Bank’s Exposure
Tether, known as USDT, pegged to the U.S. dollar, has been actively managing its reserves to maintain stability and mitigate risks.
Xapo Bank expands stablecoin payment rails to accommodate Tether
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 Winning The Title of Crypto World’s ‘Least Risky’ Asset
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 Boosts Treasury-Bill Holdings, Cuts Banks Exposure
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.