#STABLE #RSV #BTC #CEO Tether Plans to Publish Real-Time Reserve Reports, New CEO Says

Stablecoin issuer Tether is planning to publish real time reserve reports until next year, according to its new CEO Paolo Ardoino, who will become the company CEOin December of this year, told Bloomberg that the company plans to publish real time reserve proof next year, but emphasized that tether itself is not a firm deadline.

Reserve Reports in Tether!

Tether already provide daily reserve reports on its website. As of the time of writing, Tether reported that it has $84.15 billion in USDT, the largest stablecoin in the market backed by the US dollar.

Ardoino also states that Tether’s goals for the coming year regarding its move are to increase technology investments, engage with regulators and expand into renewable energy. USDT, by far, conducts more trading volume than other crypto currencies, even surpassing bitcoin (BTC). Blockchain analytics platform sentiment suggested that a significant amount of tether, a stablecoin has returned to crypto currency exchanges, which is generally considered a bullish signal,