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Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT.

Tether holds 82,000 Bitcoin and 48 tonnes of gold in its reserves. Additionally, it also has $100 billion in US Treasuries. The post Tether CEO Clarifies Asset Reserves Amid FUD appeared first on Cryptonews.

Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging it for remittances and international payments.

Tether Reserve Breakdown includes $9.45B in BTC, gold, and U.S. Treasuries.

Tether CEO Paolo Ardoino recently disclosed that the company holds a significant amount of Bitcoin and gold as reserve assets for its USDT stablecoin.

Tether CEO Paolo Ardoino has disclosed that the company holds more than 82,000 Bitcoin and 48 tonnes of gold in its reserves. Ardoino disclosed this on X while clarifying comments about Tether USDT reserves.

The Wall Street Journal cited unnamed individuals as the source of the claims that the United States government is investigating Tether.

At the Plan ₿ Forum in Lugano, Switzerland, Tether CEO Paolo Ardoino gave an insight into the financial reserves of Tether, disclosing that the stablecoin heavyweight holds 82,454 BTC and 48.3 tons of gold.

Tether CEO Paolo Ardoino confirms the company's multibillion-dollar Bitcoin and gold reserves, reassuring the crypto community.

Ripple's Garlinghouse warns of potential Tether disruption, calling it a “Black Swan event,” as WSJ scrutiny intensifies.

In today's edition of the weekly recap: Ripple files a cross-appeal in the SEC lawsuit; spot Bitcoin ETFs reach a new milestone; reports of Tether's probe; crypto sees renewed adoption. Ripple v.

Paolo Ardoino, the CEO of stablecoin issuer Tether, is squashing rumors that his firm is being probed by federal agencies. In a post on the social media platform X, Ardoino addresses a Wall Street Journal (WSJ) report, which claims that authorities are investigating Tether for potential violations of anti-money laundering and sanctions laws.

Lugano has taken significant steps in crypto adoption by embracing digital asset payments and recognizing BTC, USDT, and its LVGA token as legal tender.

Tether CEO Paolo Ardoino has previewed the company's latest innovation in Artificial Intelligence at the Lugano Plan ₿ event. The AI development kit prioritizes privacy and leverages peer-to-peer (P2P) technology, enabling developers to write code once and deploy it across various platforms.

Circle chief executive officer, Jeremy Allaire has confirmed that the stablecoin issuing company remains committed to launching an initial public offering (IPO). Interestingly, these comments have come amidst a controversial report on Circle's biggest competitor Tether.

The cryptocurrency market is currently facing turbulence following reports of a U.S. investigation into Tether, one of the market's most crucial stablecoins. As uncertainty looms, the implications of this investigation could have far-reaching effects on the broader crypto ecosystem.

Tether denies investigation claims, confirms no IPO plans, and unveils a Satoshi Nakamoto statue, signaling its commitment to crypto innovation.

The crypto market faced intense volatility as reports surfaced of a possible investigation into Tether, followed by heightened geopolitical tensions in the Middle East. On October 25, the Wall Street Journal reported that the U.S. Attorney's Office might be probing Tether over alleged third-party misuse of its platform.

Tether (USDT) has recently experienced sustained capital inflows, with the stablecoin hitting historic market cap levels. While such a trend is historically positive for the crypto market, analysis suggests that this momentum may not be ideal for Bitcoin (BTC).

As Tether faces renewed regulatory scrutiny, Bitcoin's future is hanging in the balance.

Bitcoin and other major cryptocurrencies encountered sharp price swings following a controversial report on Tether, which occurred amid escalating tensions in the Middle East.

As reported by U.Today, in May 2024, Ripple chief executive officer Brad Garlinghouse, while talking about crypto and blockchain on a podcast, mentioned that he expected a “Black Swan event” to happen to Tether over its chief product – USDT.

Bitcoin dipped to $65,521 from a high of $68,722, reflecting a 5% loss influenced by Tether's scrutiny. Currently, Bitcoin has bounced back to $67K amid ongoing volatility.

Tether's CEO, Paolo Ardoino, refuted claims by the Wall Street Journal that US federal authorities are investigating the company for potential money laundering.