Tether commercial paper exposure now under $50M, says CTO
Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by the…
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Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring…
Tether Reveals USDT Stablecoin Is Now Supported by Polkadot
Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain…
Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks
On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be…
Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia.…
Survey That Asks if The Merge Could Cause an Ethereum Chain Split Sparks PoS Delay Discussions
While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge.…
Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador
The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located…
Tether CTO refutes stablecoin FUD as short-sellers circle
Paolo Ardoino alleged some hedge funds are trying to create pressure “in the billions” to “harm Tether liquidity” so that they can eventually buy back tokens at a much lower…
Tether Launches Stablecoin Pegged to the British Pound Sterling
Tether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news…
Tether Launches on Polygon, USDT Stablecoin Now Hosted on 11 Blockchain Networks
Following the company launching a fiat-pegged tied to the value of the Mexican peso, Tether, the stablecoin issuer has announced the firm has launched tether tokens on the Polygon network.…