TETHER
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Tether’s Stablecoin Previously Supported by Chinese Securities: Revelations
Tether’s Cryptic Investments in Chinese Securities
According to documents divulged by the New York Attorney General, Tether, a significant stablecoin issuer, once had an investment in Chinese securities. This is despite its persistent denial of such claims. These securities were issued by notable corporations such as China Construction Bank Corp. and Agricultural Bank of China Ltd.
Rumors and Denials Surrounding Tether’s Investments
Rumors about Tether’s backing of its stablecoin with Chinese securities were rife at one point. Amid the speculation, Tether remained reticent, explicitly denying in September 2021 that it held commercial paper from the beleaguered Chinese real estate giant, Evergrande.
In July, Tether proclaimed that it was devoid of any Chinese commercial paper at that particular moment. Nonetheless, it kept mum about its past dealings. Simultaneously, it chastised critics who consistently disseminated false information about its commercial paper holdings, dismissing their claims as erroneous.
Freedom of Information Request Unveils Tether’s Past
The illuminating documents were made public due to a freedom of information request. They comprise part of the data accumulated by the New York Attorney General in its thorough investigation into Tether, culminating in a 2021 settlement and an $18.5 million penalty.
Tether’s Current Position on Commercial Paper
Tether, currently, insists that it has entirely expunged commercial paper from USDT’s backing, in a move to restore transparency and trust in its stablecoin.
#USDT #TETHER
According to documents divulged by the New York Attorney General, Tether, a significant stablecoin issuer, once had an investment in Chinese securities. This is despite its persistent denial of such claims. These securities were issued by notable corporations such as China Construction Bank Corp. and Agricultural Bank of China Ltd.
Rumors and Denials Surrounding Tether’s Investments
Rumors about Tether’s backing of its stablecoin with Chinese securities were rife at one point. Amid the speculation, Tether remained reticent, explicitly denying in September 2021 that it held commercial paper from the beleaguered Chinese real estate giant, Evergrande.
In July, Tether proclaimed that it was devoid of any Chinese commercial paper at that particular moment. Nonetheless, it kept mum about its past dealings. Simultaneously, it chastised critics who consistently disseminated false information about its commercial paper holdings, dismissing their claims as erroneous.
Freedom of Information Request Unveils Tether’s Past
The illuminating documents were made public due to a freedom of information request. They comprise part of the data accumulated by the New York Attorney General in its thorough investigation into Tether, culminating in a 2021 settlement and an $18.5 million penalty.
Tether’s Current Position on Commercial Paper
Tether, currently, insists that it has entirely expunged commercial paper from USDT’s backing, in a move to restore transparency and trust in its stablecoin.
#USDT #TETHER
Tether Holdings Limited (BVI) released its assurance opinion for the first quarter of 2024, with a record net profit of $4.52 billion. The main contributing entities are those in charge of issuing Stablecoins and managing the respective reserves where approximately $1 billion of this profit stemmed from net operating profits, primarily derived from US Treasury holdings.
#BVI #TETHER #MarketSentimentToday
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#BVI #TETHER #MarketSentimentToday
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Tether a acheté 8888 Bitcoins au quatrième trimestre 2023. 🪙💰
Tether a discrètement acquis 8 888 BTC au quatrième trimestre 2023, conformément à sa stratégie dévoilée consistant à allouer 15 % des bénéfices trimestriels au Bitcoin. Cette décision fait suite à des achats antérieurs, portant le total à 66 465 BTC d'une valeur de 2,8 milliards de dollars. Les analystes ont suivi les portefeuilles associés à Tether, confirmant l'accumulation stratégique.
🔹Diversification au-delà des Stablecoins
L'engagement de Tether en faveur de la diversification est évident, avec d'importants avoirs en Bitcoin complétant ses projets miniers et énergétiques. Un investissement de 500 millions de dollars au Salvador démontre l'engagement actif de Tether au-delà de l'émission de pièces stables.
🔹Renforcement de position sur le marché de la cryptographie
Cette décision stratégique renforce la position de Tether sur le marché de la cryptographie, reflétant l'évolution du paysage des émetteurs de pièces stables s'engageant dans diverses activités de blockchain. La communauté crypto s’attend à de nouveaux développements de la part de cet acteur influent.
PS : N´oubliez pas si vous pouver me verser un petit pourboir pour me soutenir et m´encourager à continuer et merci.
#TETHER #BTC
Tether a discrètement acquis 8 888 BTC au quatrième trimestre 2023, conformément à sa stratégie dévoilée consistant à allouer 15 % des bénéfices trimestriels au Bitcoin. Cette décision fait suite à des achats antérieurs, portant le total à 66 465 BTC d'une valeur de 2,8 milliards de dollars. Les analystes ont suivi les portefeuilles associés à Tether, confirmant l'accumulation stratégique.
🔹Diversification au-delà des Stablecoins
L'engagement de Tether en faveur de la diversification est évident, avec d'importants avoirs en Bitcoin complétant ses projets miniers et énergétiques. Un investissement de 500 millions de dollars au Salvador démontre l'engagement actif de Tether au-delà de l'émission de pièces stables.
🔹Renforcement de position sur le marché de la cryptographie
Cette décision stratégique renforce la position de Tether sur le marché de la cryptographie, reflétant l'évolution du paysage des émetteurs de pièces stables s'engageant dans diverses activités de blockchain. La communauté crypto s’attend à de nouveaux développements de la part de cet acteur influent.
PS : N´oubliez pas si vous pouver me verser un petit pourboir pour me soutenir et m´encourager à continuer et merci.
#TETHER #BTC
Tether (USDt) has expanded its availability by being accessible on the Telegram Open Network (TON) platform. ⚡🔥💎
Tether’s USDt has officially landed on TON, offering Telegram's massive user base of 900 million users instant, free, and hassle-free cross-border payment capabilities. This groundbreaking integration, announced at Token2049 in Dubai, marks a pivotal collaboration between Telegram’s Founder & CEO, Pavel Durov, Tether’s CEO, Paolo Ardoino, and The Open Platform’s CEO, Andrew Rogozov, under the auspices of the TON Foundation.
With USDt on TON, users can expect stability, as it's pegged 1-to-1 with USD and backed entirely by Tether’s reserves. This stability makes it ideal for daily transactions and cross-border payments. Moreover, the integration boasts fully integrated on-ramps from various fiat currencies globally, with plans for integrated global off-ramps for easy withdrawals to bank accounts or cards.
To incentivize adoption and usage, the TON Foundation is offering a total of 11 million $TON in incentives. These incentives include boosted rewards in USDt/TON liquidity pools across TON DEXes, rewards for users depositing USDt to wallet’s Earn campaign, and free withdrawals to TON from supporting exchanges like tier-1 exchange until June 2024.
The launch of USDt on TON marks a significant stride towards integrating digital currencies into everyday life within TON’s Web3 ecosystem on Telegram. Users can now access seamless financial services, heralding a new era of digital currency adoption and accessibility.
#TON #Toncoin #TonNetwork #PavelDurov #TETHER
Tether’s USDt has officially landed on TON, offering Telegram's massive user base of 900 million users instant, free, and hassle-free cross-border payment capabilities. This groundbreaking integration, announced at Token2049 in Dubai, marks a pivotal collaboration between Telegram’s Founder & CEO, Pavel Durov, Tether’s CEO, Paolo Ardoino, and The Open Platform’s CEO, Andrew Rogozov, under the auspices of the TON Foundation.
With USDt on TON, users can expect stability, as it's pegged 1-to-1 with USD and backed entirely by Tether’s reserves. This stability makes it ideal for daily transactions and cross-border payments. Moreover, the integration boasts fully integrated on-ramps from various fiat currencies globally, with plans for integrated global off-ramps for easy withdrawals to bank accounts or cards.
To incentivize adoption and usage, the TON Foundation is offering a total of 11 million $TON in incentives. These incentives include boosted rewards in USDt/TON liquidity pools across TON DEXes, rewards for users depositing USDt to wallet’s Earn campaign, and free withdrawals to TON from supporting exchanges like tier-1 exchange until June 2024.
The launch of USDt on TON marks a significant stride towards integrating digital currencies into everyday life within TON’s Web3 ecosystem on Telegram. Users can now access seamless financial services, heralding a new era of digital currency adoption and accessibility.
#TON #Toncoin #TonNetwork #PavelDurov #TETHER
🚨 BIG NEWS BY #TETHER ( $USDT )
Tether Steps Up Its Game…
Yesterday’s Tether has made a massive purchase, acquiring an additional 8,888.88 #Bitcoin valued at $628 million.
Total Bitcoin holdings to an impressive 75,354 BTC ( $5.3 Billion in USD )
#CryptoNews $BTC $UNI $XRP
#Memecoins #BITCOIN #BTC
Tether Steps Up Its Game…
Yesterday’s Tether has made a massive purchase, acquiring an additional 8,888.88 #Bitcoin valued at $628 million.
Total Bitcoin holdings to an impressive 75,354 BTC ( $5.3 Billion in USD )
#CryptoNews $BTC $UNI $XRP
#Memecoins #BITCOIN #BTC
