TETHER
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🚨 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
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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Tether purchased 8888 Bitcoins in Q4 2023. 🪙💰
Tether quietly acquired 8,888 BTC in Q4 2023, in line with its revealed strategy of allocating 15% of quarterly profits to Bitcoin. The move follows earlier purchases, bringing the total to 66,465 BTC worth $2.8 billion. Analysts have been tracking wallets associated with Tether, confirming strategic accumulation.
🔹Diversification beyond Stablecoins
Tether's commitment to diversification is evident, with significant Bitcoin holdings complementing its mining and energy projects. A $500 million investment in El Salvador demonstrates Tether’s active engagement beyond stablecoin issuance.
🔹Strengthening position in the crypto market
This strategic move strengthens Tether's position in the crypto market, reflecting the evolving landscape of stablecoin issuers engaging in various blockchain activities. The crypto community expects further developments from this influential player.
PS: Don't forget if you can give me a small tip to support me and encourage me to continue and thank you.
#TETHER #BTC
Tether quietly acquired 8,888 BTC in Q4 2023, in line with its revealed strategy of allocating 15% of quarterly profits to Bitcoin. The move follows earlier purchases, bringing the total to 66,465 BTC worth $2.8 billion. Analysts have been tracking wallets associated with Tether, confirming strategic accumulation.
🔹Diversification beyond Stablecoins
Tether's commitment to diversification is evident, with significant Bitcoin holdings complementing its mining and energy projects. A $500 million investment in El Salvador demonstrates Tether’s active engagement beyond stablecoin issuance.
🔹Strengthening position in the crypto market
This strategic move strengthens Tether's position in the crypto market, reflecting the evolving landscape of stablecoin issuers engaging in various blockchain activities. The crypto community expects further developments from this influential player.
PS: Don't forget if you can give me a small tip to support me and encourage me to continue and thank you.
#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
