Latest News

Tether's Q3 2023 attestation shows historic liquidity, 85.7% reserves in Cash & Cash Equivalents, reduced secured loans, and robust investment in industry research, ensuring financial resilience amid market fluctuations.

Tether, the leading stablecoin issuer, reported in its third-quarter attestation report that cash and cash equivalents accounted for a record-high 85.7% of total reserves.

Taiwanese authorities recently made a significant breakthrough in the battle against crypto laundering, cryptocurrency-related crimes, uncovering what is being touted as the country's largest-ever money laundering case involving a staggering sum of 320 million USDT.

BBG reported 86% of Tether reserves in Q3 were in cash, primarily US T-Bills. The firm also reduced secured loans and increased excess reserves.

Circle's loss may prove to be Tether's gain as the former ceased support for stablecoin USDC. Separately, Tether accounted for its highest cash reserves.

Tether, a leading issuer of stablecoins, has recently published its Q3 attestation report, signed off by the accounting firm BDO Italy. The document revealed that the company holds an impressive $86.4 billion in assets, countering its $83.2 billion in liabilities.

In the fast-paced world of cryptocurrency, where fortunes can be made or lost in the blink of an eye, a recent development has sparked intrigue among traders and enthusiasts alike. Whale Alert, the guardian of the crypto sea, has sounded the alarm as a staggering $771 million worth of Tether (USDT) made its way into Binance wallets.

Tether, a stablecoin issuer, has announced a significant enhancement in its financial stability, according to its Q3 attestation report. The report reveals a record-breaking 85.7% of its total reserves are now held in cash and cash equivalents.

USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients.

Tether's newest reserve attestation shows the highest-ever percentage of cash equivalents, with most reserves consisting of U.S. T-bills and repurchase agreements.

Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.

Tether's attestation report said that cash and cash equivalents accounted for 85.7% of its total reserves, the highest percentage ever.

Tether Holdings Limited, the company behind the world's largest stablecoin (USD Tether), has released its Q3 attestation, a financial report independently verified by BDO, a globally recognized accounting firm. The report attests to significant shifts in the firm's financial portfolio, including a surge in its cash and cash equivalent (C&Ceq) reserves to 85.

Binance has come under the scrutiny of the US government for its alleged support of Hamas crypto transactions. But US lawmakers have also recently singled out Tether for its alleged role in financing the militant group.

According to reports from Receita Federal, Brazil's tax agency, there has been a meteoric rise in the use of stablecoins in the country. In particular, Tether (USDT) seems to be dominating the scene.

In 2023, approximately $55 billion in Brazilian reais has been transacted via USDT, surpassing Bitcoin's $30 billion in the same currency.

USDT's growth increases in Brazil as USDT transactions begin to outnumber that of Bitcoin. Despite this, the volume of USDC transactions remains much higher.

USDT, a popular cryptocurrency, has gained a lot of popularity in Brazil, making up 80% of all cryptocurrency transactions in 2023. In mid-October, the total value of USDT transactions in Brazil hit 271 billion Brazilian Reals (about 55 billion USD), almost double the value of Bitcoin transactions, which reached 151 billion Brazilian Reals (around 30 billion USD).

In an unexpected turn of events, Brazil has become the epicenter of a groundbreaking shift in the world of cryptocurrency. Recent data from Brazil's revenue service agency reveals that Stablecoin Tether (USDT) is taking the lead, accounting for a staggering 80% of all cryptocurrency transactions in the country.

FTX founder Sam Bankman-Fried's criminal trial has reignited another mystery. As Bloomberg News reported Monday (Oct. 30), “crypto sleuths” are examining the relationship between FTX's sister company Alameda Research and stablecoin issuer Tether.

While Brazil sees higher acceptance of USDT, other Latin American nations like Argentina have bigger appetites for Maker's DAI. This insight into crypto preferences comes as the market booms in anticipation of the potential approval of a spot Bitcoin ETF.

The cryptocurrency landscape in Brazil has recently undergone a significant transformation, with Tether (USDT) emerging as the dominant player. According to recent figures released by Brazils revenue service, USDT now fuels a substantial 80% of cryptocurrency transactions in Brazil.

Sam Bankman-Fried trial attention has turned to the intricate relationship between Alameda Research and Tether, as scrutiny mounts over significant USDT transactions.

In 2023 so far, USDT transactions totaled $271 billion Brazilian reais (approximately $55 billion) and surpassed Bitcoin (BTC) transactions, which accounted for $151 billion reais ($30 billion).