Record Profits for Tether Driven by Treasury Holdings
Tether's Q4 2023 net profit hits $2.85 billion, driven by U.S. Treasury interest. Annual profits reach $6.2 billion, showcasing crypto prominence.
EdmundTether's Q4 2023 net profit hits $2.85 billion, driven by U.S. Treasury interest. Annual profits reach $6.2 billion, showcasing crypto prominence.
EdmundTether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
Cheng YuanTether Treasury transfers $182 million USDT to an unknown 'whale', with total transactions now at $2 billion, maintaining market stability.
Xu LinTether Treasury has minted an additional 1 billion USDT, significantly expanding its circulating supply on the Ethereum network.
ZoeyTether enhances market stability, minting 1 billion USDT on Ethereum, with CEO Paolo Ardoino ensuring transparency and earmarking funds for future demand.
Hui XinA report by The Wall Street Journal reveals the alleged illicit acts of Bitfinex and Tether in 2018.
BitcoinistThe firm had said it plans to bring its commercial paper holdings to zero by the end of the year.
OthersMore than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange.
CointelegraphThe trio launched Holepunch with a vision to bestow control over data while breaking technology monopolies, among others.
CointelegraphWith a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
Cointelegraph