Smart investment? $72.5B in US Treasury bills held by Tether.
At nearly 3 times the size of the US federal budget deficit, Tether recently announced it has allocated $72.5 billion in US Treasury bills, signaling a smart move towards solid investing.
Tether
Stability of USDT questioned: Analyst claims Tether’s Stablecoin has peg issue.
An analyst claims that Tether’s USDT, a stablecoin backed by the U.S. dollar, has an “unstable peg” and does not effectively eliminate volatility. They allege that this could have implications for the entire cryptocurrency market.
. Tether confirms 1,529 Bitcoin purchased in Q2: Exclusive!
The CTO of Tether today confirmed that the company made 1,529 Bitcoin purchases in Q2, significantly increasing its proven reserves of the world’s premier cryptocurrency.
Tether boosts BTC holdings: +2,310 BTC in Q2, now 55,008 BTC!
🟠ICYMI: Yesterday Tether disclosed the purchase of 2,310 Bitcoin in Q2, raising its stacks from 52,698 bitcoin in Q1 to 55,008 bitcoin, worth approximately $1.67 billion! 👀
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Tether, the leading provider of blockchain-enabled financial services, has announced a new agreement with the government of Georgia to develop Bitcoin and peer-to-peer infrastructure. The project will introduce citizens to the potential of digital currency and further the country’s adoption of blockchain technology.
Tether’s $65M freeze on assets transferred from Multichain has sent shockwaves through the crypto-sphere. The circular impact is undeniable.
Tether has reportedly frozen assets transferred from Multichain to the tune of $65 million, raising questions about the safety of digital currencies. The move has sparked debate among industry insiders about the implications for the future of online trading.