Tether’s

Tether’s ‘Genius Idea:’ Launching aUSDT, a Gold-Backed Stablecoin with Higher Profit Potential

Tether’s ‘Genius Idea:’ Launching aUSDT, a Gold-Backed Stablecoin with Higher Profit Potential

On June 17, Tether CEO Paolo Ardoino announced aUSDT, a new synthetic dollar over-collateralized by XAUt, Tether’s gold-backed digital asset. In a post on X on June 18, industry analyst and stock-to-flow creator Willy Woo said it was “A genius business idea by Tether.” Tether’s USDT is currently earning on U.S. Treasury Bills, but now […]

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Tether’s USDT Latest ATH, Plans for 2024, and Diverse Projects: CEO Ardoino

Tether’s USDT Latest ATH, Plans for 2024, and Diverse Projects: CEO Ardoino

Tether, the company behind the popular stablecoin USDT, announced a significant milestone in its growth, with its market value reaching $91 billion. It was also revealed that over 2023, the firm has added approximately $4 billion in excess reserves to its stablecoin’s consolidated reserves, showcasing its commitment to stability and resilience in the volatile digital

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Tether’s Bitcoin Strategy Pays Off Big: $1.1 Billion Profit Amid Price Surge

Tether’s Bitcoin Strategy Pays Off Big: $1.1 Billion Profit Amid Price Surge

In a week that saw Bitcoin surging to an impressive $42,000, Tether, the company behind the world’s largest stablecoin, witnessed a substantial increase in the value of its BTC holdings, resulting in a staggering unrealized profit of over $1 billion. Since May 2023, Tether has amassed 4,083 BTC. Tether’s Bitcoin Holdings Soar According to data

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Bullish Sign? Tether’s (USDT) Supply on Exchanges Hits Highest Level Since March: Data

Bullish Sign? Tether’s (USDT) Supply on Exchanges Hits Highest Level Since March: Data

Crypto market indicators show that the amount of Tether (USDT) currently sitting on exchanges is at the highest levels seen since March this year. According to a tweet by crypto analytics platform Santiment, exchanges have witnessed a 40% increase in available USDT since June 13, 2023. USDT Supply on Exchanges Hits Seven-Month Levels The market

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