archivetether

Tether’s Q1 attestation report reveals the stablecoin giant has shored up over 7.7 tons of physical Gold to back its issuance of XAU₮. Treasuries’ info shows that at the end of Q1, Tether held 100,521 Bitcoin tokens. Tether co-founder notes that USD-backed stablecoins currently dominate, other currencies could soon compete in the sector. Tether, a stablecoin giant and the seventh-largest holder of US Treasury bills, published its attestation report for the first quarter on Monday. The stablecoin firm noted the US Dollar’s (USD) dominance in the stablecoin sector and dropped the statistics on...

Donald Trump’s World Liberty Financial crypto venture will launch a dollar-pegged stablecoin, it said in a statement on Tuesday, after raising more than half a billion dollars from selling a separate digital token. The stablecoin, called USD1, will be fully backed by U.S. Treasuries, dollars and other cash equivalents and is designed to keep a value of $1, World Liberty said in the statement. Dollar-pegged stablecoins such as Tether and USDC have ballooned in recent years and now act as a key cog in the multi-trillion dollar crypto trading industry,...

SYMBOL - 23 April 2024, Baden-Württemberg, Rottweil: The logos of the cryptocurrencies Bitcoin ... (BTC), Ethereum (ETH), the stablecoin Tether (USDT) and Binance Coin (BNB) can be seen on the trading platform CoinMarcetCap. (Image with longer exposure time). Photo: Silas Stein/dpa (Photo by Silas Stein/picture alliance via Getty Images)dpa/picture alliance via Getty Images Private, or “crypto” money will eventually replace government money. Bank on it. As written in The Money Confusion, profits from the trading of fiat currency chaos ($7 trillion per day worth of currency trading) ensure the eventual...