Tether Used Chinese Securities to Back its Top Stablecoin, Filing Reveals
At one point, part of USDT reserves consisted of securities issued by the Agricultural Bank of China, China Construction Bank, and Industrial Commercial Bank of China.
BTC$59,815.00+0.91%
ETH$1,558.83-0.24%
USDT$0.9985+0.02%
USDC$0.99970.00%
XRP$1.04+1.36%
SOL$70.37+8.55%
TRX$0.3195-1.11%
FIGR_HELOC$1.03+0.59%
HYPE$63.84+6.54%
DOGE$0.0743+1.66%
RAIN$0.0157-0.39%
USDS$0.99950.00%
LEO$9.28-0.56%
ZEC$406.04+2.85%
XLM$0.1747-0.99%
BTC$59,815.00+0.91%
ETH$1,558.83-0.24%
USDT$0.9985+0.02%
USDC$0.99970.00%
XRP$1.04+1.36%
SOL$70.37+8.55%
TRX$0.3195-1.11%
FIGR_HELOC$1.03+0.59%
HYPE$63.84+6.54%
DOGE$0.0743+1.66%
RAIN$0.0157-0.39%
USDS$0.99950.00%
LEO$9.28-0.56%
ZEC$406.04+2.85%
XLM$0.1747-0.99%
Tether's operational profits rose 30% quarter-over-quarter, its latest attestation report shows.
At one point, part of USDT reserves consisted of securities issued by the Agricultural Bank of China, China Construction Bank, and Industrial Commercial Bank of China.
Some in the crypto community believe the SEC might next target Tether - if aiming to kill crypto in the US.
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USDT issuer Tether said it tapped BDO Italia as its new accounting firm to watch over its asset reserves and announced plans to raise the frequency…
USDT defies all rumors and survives extreme market conditions.
Two months after decoupling from the dollar following the collapse of the Terra UST, Tether finally regains its peg forcing hedge funds to close their short…
On-chain data indicates that some traders might be shorting USDT, expecting its reserves to not hold up against the bear market.