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USDT stablecoin provider Tether passed the SOC2 audit, demonstrating its ability to secure customer data with strict measures.

The independent audit represents the highest level of security compliance an organization can demonstrate.

Buying 8,888 Bitcoin, Tether becomes the seventh-largest BTC holder, showcasing its belief in Bitcoin's value. Following this strategic acquisition, Tether's wallet now boasts a total of 75,354 Bitcoin, acquired at an average price of $30,305.

TL;DR Tether acquired 8,888 Bitcoin on March 31, valued at $618 million, raising its total reserves to 75,354 BTC. The company reached a market capitalization of $100 billion four weeks ago. The company ranks seventh among Bitcoin holders and plans to diversify its assets by backing 15% of its net profits in BTC.

Stablecoin issuer Tether made headlines on March 31, as it acquitted 8,888 Bitcoin, valued at $618 million. The recent acquisition significantly boosts Tether's reserves prior to the upcoming Bitcoin halving event.

Tether becomes the seventh-largest Bitcoin holder in the world following its latest BTC acquisition.

Tether (USDT) is now the seventh-largest Bitcoin holder globally, following its purchase of more than 8,000 BTC in the past day, according to Bitinfocharts data. On-chain data shows that the stablecoin issuer received approximately 8,889 BTC, valued at around $618 million, from a Bitfinex hot wallet on March 31.

Tether had incorporated Bitcoin into its investment strategy in 2023 to capitalize on the digital asset's potential growth.

Stablecoin issuer Tether has significantly expanded its Bitcoin holdings, acquiring 8,888 BTC worth around $600 million.

Tether bought 8,888 more bitcoins in the first quarter of 2024, increasing its total holdings to about 75,354 BTC (worth over $5.2 billion).

The acquisition of 8,888 Bitcoin makes Tether the seventh-largest BTC holder.

Tether, the issuer of world's leading stablecoin USDT, is advancing in the Bitcoin (BTC) accumulation race. It has significantly strengthened its reserves by acquiring 8,889 BTC recently.

Tether, the world's leading stablecoin issuer, has significantly bolstered its reserves by acquiring 8,889 bitcoin (BTC).

A report issued by TRM Labs indicated that Tether's USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT's volume was linked to illicit activity last year, with $19.3 billion worth of USDT used in illegal transactional flows.

TRON DAO has emerged as a pivotal player, experiencing an extraordinary surge in USDT transaction volumes. This surge, witnessed within the TRON ecosystem via Tron DAO, not only underscores TRON's scalability advantage but also sheds light on the complexities surrounding USDT and Tether's expansion efforts.

The U.K. and the U.S. are reviewing tether transactions, valued at $20 billion, processed by the sanctioned cryptocurrency exchange Garantex. Digital currency transactions and crude oil sales are believed to be a significant source of foreign currency for Russia. Russia Sanctions Busting The U.K. and the U.S.

The new division dedicated to Artificial Intelligence is recruiting top-level talents.

Tether, one of the largest cryptocurrency-based companies, has announced a formal expansion into AI, looking to develop open-source models and setting standards in this new industry. For this task, Tether is opening a global recruitment for “top-tier talent” to help them establish a new division dedicated to these developments.

USDT transactions on TRON DAO have experienced a significant upswing since February.

Tether Operations Limited, which claims to be the largest company in the cryptocurrency industry, announced a strategic expansion of its AI [artificial intelligence] focus, positioning itself at the forefront of innovation.

The $20 billion in Tether transactions could be the single-largest flouting of sanctions since the start of the Russia-Ukraine war in 2022.

Recently, many firms have been continuing to show interest in AI within the Web3 space, and Tether is reportedly among them. The other day, news about a merger to create an AI powerhouse that integrates Web3 technology and AI surfaced, and since then, the AI craze has continued to grow.

The announcement, made on March 26, 2024, unveiled Tether's ambitious venture into AI and peer-to-peer (P2P) technologies. This marks a significant departure from its established role in the cryptocurrency sphere, heralding a new era of innovation for the company.

While Tether (USDT), the world's leading stablecoin, has been pivotal in facilitating transactions across the blockchain space, a recent analysis by blockchain analytics firm TRM Labs sheds light on a less desirable aspect of USDT's ubiquity: its significant use within illicit crypto flows during the past year.