The amount of exposure places Tether in the top 22 biggest holders of US Treasury bills, ranking above countries like Spain, Mexico, Australia and the United Arab Emirates.
The total assets under Tether stand at $86.1 billion with total liabilities amounting to $82.8 billion — thus confirming a reserve backing of over 100%.
The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets.
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with.
The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI.
The recently introduced Tether BTC mining software’s primary aim is to enhance the efficient management of mining capacity, leading to more effective operations.
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.
The judge didn’t see any difference between crypto, fiat money or shells as long as all those objects, physical or not, share value created by mutual faith in it.