2023-9-6 22:00 |
Tether, the company behind the prominent stablecoin USDT, holds $72. 5 billion worth of US Treasury bills (T-bill). This development was revealed initially in the company’s assurance report for Q2 2023.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
The amount of exposure places Tether in the top 22 biggest holders of U.S. Treasury bills, ranking above countries like Spain, Mexico, Australia and the United Arab Emirates.
2023-9-5 16:51 | |
|
|
Tether has emerged as one of the top buyers globally of US Treasury bills, with a commanding exposure of $72.5 billion, according to a recent post by Paolo Ardoino, CTO of Tether. This development places the USDT stablecoin issuer in the global top 22, ranking above nations like the “United Arab Emirates, Mexico, Australia, and […] The post Tether now a top global buyer of US Treasury bills amid market turmoil appeared first on CryptoSlate.
2023-9-5 11:02 | |
|
|
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.
2023-8-1 17:06 | |
|
|
The Central Market supplies over 12 million people per month in Argentina. The move will allow companies to accept and pay bills with USDT.
2023-5-20 00:45 | |
|
|
The accounting firm BDO Italia has performed a quarterly assurance on the Consolidated Reserves of Tether Holdings Limited and its wholly-owned subsidiaries as of 30th September 2022. According to its report, Tether Group’s consolidated assets exceed its consolidated liabilities.
2022-11-16 17:51 | |
|
|
Tether has lowered its holdings of commercial paper to zero and replaced them with U.S. Treasury bills.
2022-10-15 16:00 | |
|
|
Tether has successfully ditched the entirety of its commercial paper holdings in favor of U.S. Treasury Bills, which could now make up approximately 56.3% of the companys total reserves. The...
2022-10-14 22:21 | |
|
|
The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills.
2022-10-14 20:00 | |
|
|
Tether CTO Paolo Ardoino has announced a 14.6% increase in Treasury bills and lower commercial paper holdings since June 2022. The post Tether Slashes Commercial Paper, Increases Treasury Bill Holdings in Latest Portfolio Update appeared first on BeInCrypto.
2022-10-4 22:42 | |
|
|
Insider information on Tether’s reserve revealed that as of September 30, the shadlecoin issuer had increased its United States Treasury bills to 58. 1% of its reserves while reducing its commercial paper exposure to below $50 million.
2022-10-4 17:02 | |
|
|
A curated weekly summary of forward-focused crypto news that matters. This week, digital asset markets tank as Fed Chairman says significant interest rate rises are coming, progress on bipartisan crypto bills are paused because of upcoming US midterms, and Tether announces a new monthly reporting schedule.
2022-8-29 15:01 | |
|
|
Stablecoin issuers Tether, Circle and others hold more short-term U.S. Treasury Bills than Berkshire Hathaway.
2022-8-26 21:30 | |
|
|
USDT issuer Tether is shifting its reserves away from commercial paper to low-risk U.S. treasury bills. Tether Cuts Paper Asset Reserves Tether is reducing its commercial paper reserves. The USDT...
2022-7-2 20:53 | |
|
|
As per the official report published on May 18, Tether, the issuer of the world’s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT.
2022-5-21 17:00 | |
|
|
| Analogue Notcoin - TapSwap |
Tether CEO Paolo Ardoino responded to Deutsche Bank analysts' questions about the company's solvency and the stability of its USDT stablecoin.
Tether, the largest stablecoin in the world, has slammed a recent Deutsche Bank report that questioned the stability of stablecoins and Tether’s solvency. The research, published on May 7, analyzed 334 currency pegs from the year 1800 onward and revealed…
Emart24, a prominent South Korean convenience store chain, is set to introduce a Bitcoin-themed meal box as an in-store item. According to a May 9 announcement, the company has joined hands with local cryptocurrency exchange Bithumb to bring the Bitcoin…
In a post on X, one analyst now claims traditional fiat-backed stablecoins like USDT and USDC should prepare for a “major” attack due to the increasing popularity of Ethena’s USDe. The warning follows Ethena and USDe’s integration with Bybit, a crypto exchange allowing perpetual trading.
Tether has announced its expansion into Eastern Europe and will invest in a Georgian payment service.
Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service. According to the press statement, the firm has dedicated an undisclosed amount of substantial capital to establish its Bitcoin mining operations through Swan.
Quick Take Since bottoming out around $15,500 in November 2022, Bitcoin’s performance has been on a consistently upward trajectory. This growth culminated in new all-time highs in March 2024, marking a staggering 280% surge from its cycle low.