Finance & Crypto News Website
Tether has announced its partnership with RAK Digital Assets Oasis (RAK DAO) through the signing of a groundbreaking Memorandum of Understanding (MoU). Together, these two innovative organizations will work towards introducing the game-changing technology of Bitcoin (BTC) and stablecoins to the vibrant city of Ras Al Khaimah. “In collaboration with RAK DAO, Tether will help … Read more
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
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