Tether – Coin HD

Tether Doubles Down on AI Plans, Looks to Hire Relevant Employees

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Tether, the company behind USDT, the largest stablecoin by market capitalization, has announced plans to double down on its artificial intelligence (AI) focus and recruit relevant talent to that effect. According to an official release, the stablecoin provider said the move highlights its dedication to advancing AI efficiency and accessibility in the technology sector. Tether […]

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Tether Smashes Profit Records: $2.85 Billion Surge in Q4 2023

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Stablecoin issuer Tether experienced a “record-breaking” net profit surge, amounting to $2.85 billion in the fourth quarter of 2023. Around $1 billion of this profit stemmed from net operating gains, largely derived from interests in the US Treasury, with the remainder mainly coming from the appreciation of gold and Bitcoin reserves. Notably, there was a

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Tether Achieves Record $6.2 Billion Annual Profit, Nears $100 Billion In Assets

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Last updated: February 1, 2024 01:52 EST | 2 min read Source: Adobe / JimIn 2023, Tether saw its assets approach the $100 billion mark, following a $6.2 billion profit according to the company’s Q4 attestation report released on January 31. The financial surge, detailed in Tether’s latest financial statements, reflects a strategic allocation of

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Tether Disappointed Over UN Report Alleging USDT’s Involvement in Illicit Activities

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Tether has faced intense scrutiny despite being a major player in the crypto industry. The most recent criticism comes from a United Nations (UN) report accusing USDT’s involvement in illicit activities. The stablecoin issuer expressed disappointment with the UN’s assessment and emphasized that the report unfairly focuses on USDT’s alleged connection to illicit activities while

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Tether Eating All Other Stablecoins as Total Assets Approaches $100B

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Tether’s total assets are not far away from $100 billion following a monumental rise over the past six years. The current figure for the firm’s total assets is $95.2 billion, according to its transparency report. Of that amount, $92 billion is in the dollar-pegged stablecoin, USDT. Tether Keeps Growing On Jan. 3, Tether and VanEck

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Tether Releases Letters Sent to US Senate Committee: Details

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Tether, the company behind the largest stablecoin, has released the two letters it had sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. The letters are specifically addressed to pro-Bitcoin Senator Cynthia Lummis and Rep. French Hill. The main goal of Tether’s letters is to address issues

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Is Tether Becoming America’s Defacto CBDC? Crypto Experts Weigh In

Leave a Comment / Becoming, Tether / azlan90

Crypto industry experts have been discussing Tether and its potential to become the dollar-pegged defacto central bank digital currency of the world. The comments come in response to Cantor Fitzgerald CEO Howard Lutnick, who told CNBC earlier this week: “I’m a big fan of this stablecoin called Tether…I hold their treasuries. So I keep their

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Tether Freezes 161 Ethereum Wallets and Over 3.5 Million USDT Tokens

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Tether, the organization behind the widely-used stablecoin USDT, has taken a proactive stance in compliance with United States sanctions. The company recently announced the freezing of 161 Ethereum wallets, a move that aligns with the U.S. Office of Foreign Asset Controls (OFAC) list of sanctioned individuals. Tether Takes Proactive Stance in Compliance with US Sanctions

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Tether and Bitfinex Settle Dispute, Will Share Information Under FOIL Request – Here’s What You Need to Know

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Source: AdobeStock Tether and Bitfinex have agreed to settle their dispute regarding a Freedom of Information Law (FOIL) request filed by a group of journalists, including Zeke Faux from Bloomberg Businessweek. In a recent announcement, Tether hailed the move as a step towards greater transparency in the industry. While Tether and Bitfinex have emphasized their commitment

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Tether Plans to Obliterate Some Web2 Services Next Year With 5 New Projects

Leave a Comment / Plans, Tether / azlan90

Tether, the issuer of the world’s largest stablecoin USDT, is planning to launch five new projects in 2024, further expanding its reach beyond stablecoin issuance. Tether CEO Paolo Ardoino hinted at the new projects in a recent tweet, saying the company is “quite close” to adding “another extremely powerful piece of the puzzle” to its

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