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Breaking barriers and setting records, Tether, the issuer of USDT, raked in an impressive $4.5 billion in net profits during the first quarter of 2024. Tether’s latest assurance report, released by BDO on May 1, has revealed some staggering numbers. The digital asset firm’s Treasury bills stockpile has soared to a record-breaking $90 billion, while … Read more
Revolutionizing the world of finance, Tether Evo, the venture division of stablecoin giant Tether, has made a bold move by investing a whopping $200 million in Blackrock Neurotech. This strategic partnership is set to shake up the industry, as Tether dives into the cutting-edge realm of neurotechnology. Tether solidifies its dominance in the biotech world … Read more
Tether’s USDT stablecoin receives top marks in security with a successful SOC2 audit. Tether is proud to announce its successful completion of the rigorous SOC 2 Audit Type 1. But what exactly does this mean for clients?This comprehensive audit evaluates the ability to uphold five crucial trust service principles: security, availability, processing integrity, confidentiality, and … Read more
The latest acquisition has given their reserves a major boost just in time for the highly anticipated Bitcoin halving. And get this, their treasury now holds over 75,000 Bitcoins, all purchased at an average price of $30,305. Tether has ramped up its Bitcoin reserves, now reaching a staggering $5.3 billion. And that’s not all – … Read more