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Zero transfer scams are becoming prominent in the crypto ecosystem with these phishing scams having already siphoned over $40 million in 2023.

Tether also announced a share buyback of about $115 million with its risk management strategy showing consolidated assets exceed liabilities.

Tether bought $70 million worth of bitcoin, less than the 15% of profits they promised they'd invest in bitcoin.

Since the Fed raised interest rates to record levels, Tether's investments in US government bonds have started to yield much more than normal.

Tether (USDT) has experienced a remarkable surge in market capitalization, achieving new record highs this year.

Stablecoin issuer Tether's (USDT) second-quarter attestation revealed a significant increase in its Bitcoin (BTC) reserves by more than $170 million, raising the total to $1.67 billion from the $1.5 billion posted during the first quarter The increase aligns with the company's goal of strengthening and diversifying its reserves with BTC purchases.

Tether enjoyed another quarter of immense profit, most of which is being used to reinforce its stablecoin reserves.

On Monday, stablecoin issuer Tether (USDT) released its assurance opinion for Q2 of 2023, verified by BDO, an independent accounting firm. But questions remain about why the stablecoin issuer has not yet produced a full audit report.

The four executives behind the biggest stablecoin in the world are reportedly worth over $1 billion each now that the market cap of Tether (USDT) is at an all-time high. Despite a long bear market for digital assets, the British Virgin Islands-based company posted a profit of $1.

Tether released its second-quarter attestation report on Monday.

US Treasury Bills accounted for $55.8 billion of total holdings at the end of the quarter.

Tether Holdings Limited published its assurance opinion for Q2 of 2023, highlighting a $850 million rise in excess reserves to reach $3.3 billion. The report shows that Tether has been adding on its treasury reserved holding for USDT tokens.

Tether, a significant player in the stablecoin market, has recently announced that its reserves have reached an all-time high.

Stablecoin USDT issuer Tether published its Q2 2023 attestation report on July 31 and according to the report, Tether recorded an “operational profit” of $1 billion in the second quarter, about a 30% decline from its Q1 profit of $1.48 billion. Although its $1 billion “operational profit” represents a decline from the first quarter, there is a 30% increase in comparison with the Q2 of 2022.

Altogether Tether has about $72.5 billion worth of U.S. Treasury Bills backing its USDT stablecoin, according to the report.

In his recent "ask me anything" session, Changpeng "CZ" Zhao, CEO of the world's largest exchange Binance (BNB), shared his concerns about the segments of centralized and algorithmic stablecoins and indicated possible ways of mitigating these risks for his firm.

Tether issued its 2023 Second Quarter attestation report, revealing a net profit of $850M and over $1B of operational profits. Tether Excess Reserves Reach $3.3B Despite a Dip in the Quarterly Net Profit On Monday, July 31, the top stablecoin issuer Tether Holdings Limited issued its new quarterly attestation report.

Tether has issued a report that claims over $3.3 billion in excess reserves after an increase of $850 million at the end of Q2 2023.

The company said its operational profits exceeded $1 billion in Q2 this year.

Tether's attestation report for the second quarter of 2023 revealed that the USDT issuer recorded an operational profit of over $1 billion.

Crypto News: Changpeng Zhao or ‘CZ', the chief executive officer of crypto exchange Binance, on Monday announced plans to list more stablecoins on its platform. In addition to the recent listing of new stablecoin First Digital USD (FDUSD) on July 26, 2023 on the exchange, the platform is set to add another US Dollar based

Tether Holdings Limited, the issuer of stablecoin USDT, released its consolidated reserves report for the second quarter of 2023 on Monday, showing consolidated assets of at least US$86.5 billion against total liabilities of US$83.2 billion. Tether reported an increase of approximately US$850 million in its excess reserves, totaling around US$3.3 billion as of June 30, the close of the quarter.

The world's largest stablecoin, Tether, said on Monday its assets rose 5.7% to $86.5 billion in the second quarter of 2023, while it made more than $1 billion "operational profit", a 30% increase on the previous quarter.

Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.