The director of the company #Tether Paolo Ardoino reported:
that the issuer #USDT keeps
in reserves: 82,454 bitcoins worth $5.6 billion at the current rate;
48.3 tons of gold worth $4.2 billion;
Securities issued by the US government, approximately $100 billion.
Thus, the value of assets supporting the USDT rate is $109.8 billion, and the capitalization level of stablecoins reaches $120.2 billion.
Accordingly, the issued USDT coins are not fully backed by assets, but only by 91%. HE ALSO DENIED the information that American officials were investigating the activities of the Tether company, allegedly suspected of violating the law on money laundering and the sanctions regime.
He stated that he was not aware of such an investigation. According to the head of Tether, the company's employees, on the contrary, cooperate with law enforcement agencies in the fight against the illegal use of cryptocurrencies.