Tether CEO breaks down reserves backing USDT stablecoin

October 27, 2024 Coin Telegraph

The Wall Street Journal cited unnamed individuals as the source of the claims that the United States government is investigating Tether.

Tether CEO Paolo Ardoino took the stage at Lugano's PlanB event in Switzerland to provide a breakdown of the reserve assets backing the company's Tether-USD stablecoin (USDT) following allegations that the firm was under investigation by the United States Department of Justice and the Treasury.

Ardoino revealed that Tether holds approximately $100 Billion in US treasuries, more than 82,000 Bitcoin (BTC), valued at roughly $5.5 billion using current market prices, and 48 tons of gold.

The Tether CEO highlighted the asset reserves amid the fear, uncertainty, and doubt caused by a recent Wall Street Journal article, which claimed that US authorities were probing the firm for allegedly violating anti-money laundering laws and US sanctions.

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of 0 Trillion in TradFi Capital

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Tether CEO Breaks Down $9.45B in BTC and Gold Reserves, but It’s Only Part of the Picture

October 27, 2024 Bitcoin.com

Tether CEO Breaks Down .45B in BTC and Gold Reserves, but It’s Only Part of the Picture

Bitcoin

At the Plan ₿ Forum in Lugano, Switzerland, Tether CEO Paolo Ardoino gave an insight into the financial reserves of Tether, disclosing that the stablecoin heavyweight holds 82,454 BTC and 48.3 tons of gold. Paolo Ardoino Clarifies Tether’s Asset Reserves Following Forum Presentation This week, tether’s market cap soared past $120 billion, making it about […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Tether CEO Paolo Ardoino Denies Rumors That Stablecoin Issuer Is Under Federal Investigation

October 27, 2024 The Daily Hodl

Daily Hodl

Paolo Ardoino, the CEO of stablecoin issuer Tether, is squashing rumors that his firm is being probed by federal agencies. In a post on the social media platform X, Ardoino addresses a Wall Street Journal (WSJ) report, which claims that authorities are investigating Tether for potential violations of anti-money laundering and sanctions laws. The WSJ […]

The post Tether CEO Paolo Ardoino Denies Rumors That Stablecoin Issuer Is Under Federal Investigation appeared first on The Daily Hodl.

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Bitcoin bulls ‘in control’ as long as price holds above $66.5K: Analysts

October 26, 2024 Coin Telegraph

<div>Bitcoin bulls 'in control' as long as price holds above .5K: Analysts</div>

Coin Telegraph

Bitcoin solidifying its position “above all key moving averages” suggests that bulls are “firmly in control” as long as the price holds above $66,500.

Bitcoin bulls will keep the upper hand over bears as long as the price holds above $66,500, after the asset has positioned itself above “all key moving averages,’ according to crypto analysts.

“This breakout suggests that bulls are firmly in control, and as long as BTC remains above the $66,500 level, the trend should remain constructive,” crypto exchange Kraken analysts opined in an Oct. 26 market report viewed by Cointelegraph.

The analysts claimed that if Bitcoin (BTC) holds above this price level and the asset continues its “upward movement,” the next critical stage will be the $73,679 all-time high it reached in March.

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

WSJ Report Claims Tether Faces US Federal Inquiry on Alleged AML Charges

October 25, 2024 Bitcoin.com

bitcoin.com

According to an exclusive report by the Wall Street Journal, the U.S. federal government is allegedly examining the cryptocurrency and stablecoin company Tether for potential breaches of sanctions and anti-money-laundering regulations, according to unnamed sources close to the investigation. This criminal probe, reported by the Journal’s Angus Berwick, Vivian Salama, and Ben Foldy is said […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

US Department of Justice Investigating Tether (USDT) Over ‘Possible’ Violations of Sanctions, Anti-Money-Laundering Rules: Report

October 25, 2024 The Daily Hodl

Altcoins

The U.S. Department of Justice has launched an investigation into the stablecoin company Tether, according to a new report. A criminal investigation into the company and its dollar-pegged stablecoin USDT is underway, spearheaded by the U.S. attorney’s office in Manhattan, reports the Wall Street Journal. The DOJ is investigating “possible” violations of sanctions and anti-money-laundering […]

The post US Department of Justice Investigating Tether (USDT) Over ‘Possible’ Violations of Sanctions, Anti-Money-Laundering Rules: Report appeared first on The Daily Hodl.

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Tether Proposes Establishing Tokenized Boron Commodity Markets in Turkey

October 25, 2024 Bitcoin.com

bitcoin.com

Tether is reportedly seeking to expand its operations into tokenization markets in Turkey. According to sources familiar with the matter, the company is in talks to revamp the country’s boron markets by utilizing tokenization and establishing a national exchange for boron transactions. Tether Pitches Boron Tokenization Proposal in Turkey Tether, one of the largest cryptocurrency […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Cryptocurrency Transactions’ Volumes Spike Nearly 25% in Brazil

October 22, 2024 Bitcoin.com

bitcoin.com

The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and September 2024. Stablecoin volumes were significant, with Tether’s USDT leading the charge. The leading stablecoin registered volumes of $27.4 […]

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal

October 20, 2024 Coin Telegraph

Tether’s USDT hits record 0B market cap, flashing ‘Uptober’ signal

Bitcoin Price

The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.

Tether’s United States dollar-denominated stablecoin has surpassed the record $120 billion market capitalization for the first time, signaling a potential crypto rally.

Tether’s USDt (USDT), the world’s largest stablecoin, surpassed the $120 billion mark on Oct. 20, according to the firm’s website, which offers live updates of the stablecoin’s supply.

Tether Tokens in circulation. Source: Tether.to

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Crypto Biz: Onchain lending ramps up, driven by institutional activity

October 19, 2024 Coin Telegraph

Coin Telegraph

Institutional demand is driving a significant increase in onchain loans across DeFi protocols.

Lending platforms are seeing a significant increase in loans processed this year. According to Ledn, a firm offering decentralized lending and savings, it registered a $1.65 billion increase compared with the same period last year.

In the third quarter of 2024, the company processed over $437 million in digital asset loans to institutions, an increase of 14% from the previous quarter. This growth is part of a wider trend of more institutions exploring digital asset-backed loans due to tighter monetary policies and intense competition for access to dollar funding.

“We saw a very healthy jump in institutional demand in July, which has remained steady since then,” said John Glover, chief investment officer at Ledn. “Institutional borrowing demand has also been fairly consistent with the overall ETF demand, where there was a similar jump in July.”

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