Tether reports record $4.52 billion profit in Q1 despite shrinking market share

Stablecoin issuer Tether (USDT) achieved a historic net profit of $4. 52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments. дальше »

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USDe maintains full collateralization amid first market ‘stress test’

Ethena Labs, the entity behind the USDe synthetic dollar, has released the asset’s first attestation report, which shows the stablecoin remained fully collateralized over the past week despite significant turbulence in the crypto market. дальше »

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Coinbase rolls out on-chain credential verification using the Ethereum Attestation Service

Coinbase announced a feature on Nov. 9 that allows users to attest their account and country credentials on-chain and access additional benefits. Coinbase’s help pages indicate that issued verifications are meant to serve as a “trusted badge” that grants access to on-chain apps and benefits. дальше »

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Tether in Q3 - Flaunts strong reserves and reduced risk

Tether’s reserves included T bills, Bitcoin and Gold. USDT remains dominant in the stablecoin market. A recent report from Tether [USDT] on 31 October provided an attestation of the currenThe post Tether in Q3 - Flaunts strong reserves and reduced risk appeared first on AMBCrypto. дальше »

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Tether’s Q3 attestation reveals highest percentage of cash and cash equivalents ever

In an Oct. 31 post, Tether Holdings Limited shared its assurance opinion for Q3 2023, which reaffirmed the accuracy of Tether’s reserves report. дальше »

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Tether attestation shows cash and cash equivalents of 86% as loans decline

Tether’s newest reserve attestation shows the highest-ever percentage of cash equivalents, with most reserves consisting of U.S. T-bills and repurchase agreements. дальше »

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Tether attestation shows cash & cash equivalents rose to 85.7%

Tether, the issuer of the USDT stablecoin, has released its Q3, 2023 attestation report. It shows the company’s cash and cash equivalents increased to 85. 7% of reserves, with $72. 6 billion in US T-Bills. дальше »

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Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans

Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday. дальше »

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Tether Q3 attestation report reveals highest-ever levels of cash and cash equivalents

Tether Holdings Limited, the company behind the world’s largest stablecoin (USD Tether), has released its Q3 attestation, a financial report independently verified by BDO, a globally recognized accounting firm. дальше »

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Incoming Tether CEO Paolo Ardoino promises real-time reserve transparency beginning 2024

Paolo Ardoino, Tether’s incoming CEO, said the stablecoin issuer plans to publish real-time attestation of its reserve starting next year, Bloomberg reported on Oct. 20. Tether, due to its significant role in the cryptocurrency industry, has faced increasing pressure to enhance transparency regarding the reserves backing its USDT stablecoin, a digital asset pegged to the […] The post Incoming Tether CEO Paolo Ardoino promises real-time reserve transparency beginning 2024 appeared first on CryptoSlate. дальше »

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Incoming Tether CEO Paolo Ardoino promises real-time reserve transparency

Paolo Ardoino, Tether’s incoming CEO, said the stablecoin issuer plans to publish real-time attestation of its reserves in the future, Bloomberg reported on Oct. 20. Tether, due to its significant role in the cryptocurrency industry, has faced increasing pressure to enhance transparency regarding the reserves backing its USDT stablecoin, a digital asset pegged to the […] The post Incoming Tether CEO Paolo Ardoino promises real-time reserve transparency appeared first on CryptoSlate. дальше »

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Tether plans to start publishing real-time reserve reports in 2024

Tether is planning to introduce real-time reserve data reporting by 2024. Tether currently updates its reserve data daily and issues monthly and quarterly reports, According to its Q2 attestation Tether reserves had an excess of $3. дальше »

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Tether May Now Be 11th Largest Bitcoin Holder, Analyst Says

Tether, the company behind the USDT stablecoin, may now be the 11th largest bitcoin holder in the world. This comes after the stablecoin issuer recently published its attestation report for Q2 2023. дальше »

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Tether reports Bitcoin reserves up by $170M alongside drawdown in precious metals allocation

Stablecoin issuer Tether’s (USDT) second-quarter attestation revealed a significant increase in its Bitcoin (BTC) reserves by more than $170 million, raising the total to $1. 67 billion from the $1. дальше »

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Tether’s excess reserves rose to $3.3B in Q2: report

Tether’s excess reserves for the USDT stablecoin hit $3. 3 billion in Q2. An attestation report for the quarter by BDO showed operational profits of over $1 billion. Tether’s consolidated liabilities was roughly $83. дальше »

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USDT Issuer Tether Reports A 30% Decline In Profit

Stablecoin USDT issuer Tether published its Q2 2023 attestation report on July 31 and according to the report, Tether recorded an “operational profit” of $1 billion in the second quarter, about a 30% decline from its Q1 profit of $1. дальше »

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Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills

Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.

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Avail, Spun Out of Polygon, Launches Data Attestation Bridge to Ethereum

The move represents a step forward in Avail's plan to help secondary networks in the Ethereum ecosystem to speed up their processing – by giving them an alternate way to store the data, and verify its existence and availability, besides storing it on the main blockchain. дальше »

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TrueUSD hired former FTX accounting team to conduct proof-of-reserves

Former members of the now-defunct FTX.US accounting team, now operating as The Network Firm, have conducted the attestation of TrueUSD’s proof-of-reserves (PoR) as the stablecoin seeks to regain stability following a brief de-pegging incident. TrueUSD , the embattled stablecoin, has… дальше »

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TrueUSD halts USD attestations amid balance discrepancies

The TrueUSD (TUSD) stablecoin has temporarily paused its automated attestations due to possible balance discrepancies. The stablecoin project also encountered some glitches last week. TrueUSD (TUSD), a US dollar-backed stablecoin project, has encountered a challenge in its attestation process. The… дальше »

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Singapore’s Rakkar Digital achieves SOC 2 Type 1 attestation, reinforcing commitment to security and compliance

Singapore-based digital asset custodian Rakkar Digital announced in a Tuesday press release its successful attainment of SOC 2 Type 1 attestation. This solidifies its position as a trusted and reliable provider of institutional-grade custody solutions in the cryptocurrency space. дальше »

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Tether boasts of its financial stability after strong profits, money moved out of banks

Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism. дальше »

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Tether attestation shows $1.5B worth of Bitcoin in reserves

Stablecoin issuer Tether (USDT) said it holds $1. 5 billion worth of Bitcoin (BTC) in its reserves — equating to 2% of its total reserves. The stablecoin issuer further revealed that it held $3. 39 billion in precious metals like gold. дальше »

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Layer 2 Network Optimism to Use Ethereum Attestation Service to Promote User Trust

The attestation service will allow any Optimism user to create digital sign-offs on all kinds of information involving the blockchain’s activities and users. дальше »

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USDC Minting And Redemption Backlog Almost Cleared By Circle

USDC stablecoin investors panicked when Circle announced its exposure to the shuttered banks, and Circle’s latest report on USDC Reserves and attestation from Deloitte, the global audit company, confirms the connection. дальше »

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Tether eliminates commercial paper from reserves, CTO boasts profit

Tether recently published an independent attestation report put together by accounting giant BDO Italia. The report revealed that the USDT issuer had eliminated its exposure to commercial paperThe post Tether eliminates commercial paper from reserves, CTO boasts profit appeared first on AMBCrypto. дальше »

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Tether reports $700 million net profit in Q4 2022

Stablecoin issuer issued its latest attestation report for the fourth quarter of 2022. The company reported a net profit of $700 million in Q4. The profit is in addition to the company’s reserves. дальше »

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Tether reports $700M profit for Q4’22

Stablecoin issuer Tether reported a $700 million profit for the fourth quarter of 2022, according to its latest attestation report published on February 9. The post Tether reports $700M profit for Q4’22 appeared first on CryptoSlate. дальше »

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Crypto exchange OKX releases second proof of reserves

The exchange’s reserves attestation comes only a month after it released its first one and is intended to promote greater transparency in the crypto industry. дальше »

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Coinbase’s Prime Broker Platform Receives Industry Attestation Reports

The reports look at internal controls over financial reporting, as well as controls based on trust principles. дальше »

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Nexo says ‘real time audit’ error caused by technical malfunction, will be fixed soon

Nexo responded to rumors of insolvency that sprang up on November 16 after its website stopped displaying the real-time audit of its assets versus liabilities and said the attestation would be back up soon. дальше »

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82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation

The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion. дальше »

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Gate.io Proof-of-Reserves attestation shows user asset reserves exceed 100%

The global cryptocurrency exchange Gate. io has proven that it holds 108% of total user BTC assets in its reserves, according to the independent third-party firm Armanino LLP, which released the findinThe post Gate. дальше »

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Tether commercial paper exposure now under $50M — 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 USD. дальше »

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Independent Tether attestation reveals 58% decrease in commercial paper holdings

An independent review from the accounting firm BDO reported that the stablecoin issuer's total assets exceed its consolidated liabilities. дальше »

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Tether Fires MHA Cayman as Attestation Provider

Tether has switched attestation providers from MHA Cayman to the Italian branch of BDO LLP.

The post Tether Fires MHA Cayman as Attestation Provider appeared first on BeInCrypto.

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Tether aligns with top 5 accounting firm for monthly attestations

Tether Holdings Limited, the issuer of stablecoin Tether (USDT), has announced that attestation reports for its reserves will now be handled by BDO Italia, an accounting firm from the BDO global network. дальше »

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Tether to issue monthly attestation reports with new accounting firm BDO Italia

Tether said August 18 that it is now working with BDO Italia, a top five global accounting firm, in an effort to increase the transparency of the USDT stablecoin. The post Tether to issue monthly attestation reports with new accounting firm BDO Italia appeared first on CryptoSlate. дальше »

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Tether Swaps Accounting Firms, Says It Will Publish Monthly Attestation on Stablecoin Backing

Stablecoin issuer Tether Holdings has tapped BDO Italia, the Italian branch of accounting firm Binder Dijker Otte, to provide attestation reports. дальше »

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Best Ontology Wallets – What ONT Wallet to Choose?

Ontology is a new high-performance, a public blockchain-based project which combines a distributed identity system, distributed data exchange, distributed data collaboration, distributed procedure protocols, distributed communities, distributed attestation, and various industry-specific modules to create an infrastructure for a cross-chain, cross-system, cross-industry, cross-application, and cross-device peer-to-peer trust ecosystem. дальше »

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New York Regulators Have Planted a Seed for Stablecoin Transparency

New guidance from the New York Department of Financial Services should shake up how stablecoin issuers do attestation and other reporting, says our columnist. дальше »

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New York’s Crypto Regulator Publishes Formal Stablecoin Guidance

NYDFS laid out strict reserve and attestation requirements for stablecoin issuers in an effort to better protect consumers and financial institutions. дальше »

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Tether attestation report ‘re-affirms’ USDT is fully backed

Tether has released an attestation report showing that the USDT stablecoin reserves are “fully… The post Tether attestation report ‘re-affirms’ USDT is fully backed appeared first on Coin Journal. дальше »

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Tether Calms USDT Depeg Fears With New Reserves Report

Tether has published its latest reserves attestation report for the first quarter of 2022. Conducted by independent accountants MHA Cayman, the attestation shows Tethers consolidated assets exceeding its consolidated liabilities,... дальше »

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Tether Cut Commercial Paper Reserve by 17% in Q1, Accountants Say

Tether reduced its commercial paper holdings by 17% from $24.2 billion to $19.9 billion in the quarter ended March 31, according to it latest attestation report. дальше »

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What to Watch for in Tether's Upcoming Attestation Report

The leading stablecoin project still hasn’t published its March report attesting to its reserves. Following Terra, investors have a right to more timely information, says our columnist. дальше »

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Hoseki Partners With Ledn For Easy Proof Of Ownership In Bitcoin-Backed Loans

Hoseki’s upcoming bitcoin-native asset attestation service promises to speed up the loan taking process. дальше »

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‘Correctly’ Was Wrong: Circle’s Accountant Tweaks Fine Print of USDC Attestation

Grant Thornton has switched from calling the $52.3 billion stablecoin’s reserve accounts “correctly stated” to the more equivocal “fairly stated.” Here’s why that matters. дальше »

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Tether latest reserve attestation shows slash in commercial paper

Tether, the number one Stablecoin issuer, has released its attestation for the last quarter of 2021 yesterday, and there were lots of interesting figures.   Tether slashes commercial paper holdings The USDT issuer has reduced its reserves allocation to commercial paper by over 20%. дальше »

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Report Shows That Majority of Circle’s USDC Reserves Are Held in Cash

Payments fintech company Circle revealed a breakdown of the assets backing the dollar-pegged stablecoin USDC, as part of efforts to ensure transparency and accountability.   Assets Backing USDC Stablecoin  In an attestation report by major accounting firm Grant Thornton, the company revealed the reserves backing USDC. дальше »

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