Tag Archives: Tether (USDT)

Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’

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In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US.  The inquiry, reportedly led by prosecutors from the Manhattan US Attorney’s Office, is said to focus on whether Tether’s stablecoin, USDT,… Continue reading Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’→

Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit

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Tether, one of the largest crypto companies in the industry and issuer of the most widely used stablecoin USDT, has released its attestation report for the first half of the year, recording substantial gains that amount to nearly $1 billion per month. Transition To US Treasuries Pays Off According to the report, independently audited by… Continue reading Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit→

Tether Unveils aUSDT: A New Gold-Backed Digital Currency For Payments – Details

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Tether, the issuer of the largest stablecoin in the cryptocurrency market, USDT, announced Monday the creation of a new synthetic dollar backed by gold. The token, aUSDT, was developed on the company’s Alloy by Tether platform.  By leveraging smart contracts on the Ethereum Mainnet blockchain, users can mint aUSDT by over-collateralizing it with another Tether… Continue reading Tether Unveils aUSDT: A New Gold-Backed Digital Currency For Payments – Details→

Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1

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Stablecoin issuer Tether, a prominent player in the cryptocurrency market behind the widely used USDT stablecoin, has released its audit statement for the first quarter of 2024, accompanied by a report conducted by independent accounting firm BDO.  The report, which provides additional financial information beyond the reserves backing Tether’s fiat-denominated stablecoins, shows the company’s profit… Continue reading Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1→

Toncoin Price Jumps 17% As Tether Widens Payment Choices On Telegram’s TON Network

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Tether, the company behind the largest stablecoin in the market, USDT, has made a significant expansion move that has propelled the Toncoin price, the native token of The Open Network (TON), by 17% in the past 24 hours.  Tether Expands Reach To 15 Blockchains On Friday, Tether announced the launch of its USDT dollar-pegged token… Continue reading Toncoin Price Jumps 17% As Tether Widens Payment Choices On Telegram’s TON Network→