Tether’s Bitcoin wallet swells to 66,400 BTC, tallying up unrealized gains of over $1B
An address potentially belonging to the stablecoin issuer sits on an unrealized profit of more than $1 billion.
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Tether updates, transparency reports, and insights into the role of stablecoins in global finance.
An address potentially belonging to the stablecoin issuer sits on an unrealized profit of more than $1 billion.
Oluwapelumi Adejumo 2 min read
Tether dismisses UN allegations, champions transparency and cooperation to deter crime.
Legislative Council member Johnny Ng has raised concerns over Hong Kong's new stablecoin licensing rules.
Tether CEO Paolo Ardoino shared on social media that the minting was "an authorized but not issued transaction," meaning the tokens remain out of circulation for now.
Tether's collaboration with the U.S. authorities has drawn extensive criticism from crypto stakeholders.
Tether CEO said the world's largest stablecoin issuer wants to become a "world class partner" to the U.S. to "expand dollar hegemony."
The intervention comes in the wake of a security breach that led to a significant loss of funds across multiple decentralized applications (dApps).
Howard Lutnik expressed confidence in Tether's treasury holdings and Bitcoin's market-driven appeal amidst a looming wave of real estate defaults.
According to S&P Global, USDC emerges as a leading stablecoin owing to low-risk asset backing, while USDT's insufficient reserve details gave analysts pause.