Inside Tether’s New Ventures and Bitcoin Mining Push
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Tether’s
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
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
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
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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