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Tether Records Massive Profits and Expands US Treasury Holdings in 2024
Tether, the entity behind the widely used USDT stablecoin, announced an impressive profit of $5.2 billion for the first half of 2024. Alongside its profit surge, Tether has also significantly increased its reserves, now holding a record $97.6 billion in United States government bonds. Read more
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Tether’s USDT Now Accepted for Social Security Payments in the Philippines
Tether has introduced a new payment option for the Philippines people, allowing them to pay their social security system (SSS) contributions using its stablecoin, USDT. Read more
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Binance Announces Tether Integration on Toncoin Network
Binance, one of the world’s leading cryptocurrency exchanges, announced it has integrated Tether (USDT) on the Toncoin Network. Read more
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Bitfinex First to List aUSDT, a Gold-Backed Tether Asset
Bitfinex, a premier digital asset trading platform, has announced its pioneering move to become the first exchange to list aUSDT, a USD-denominated tethered asset by Alloy by Tether, according to blog.bitfinex.com. Read more
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Tether to reveal new product line as part of $1 billion investment strategy
“After a year of hard work, Tether will unveil its new class of digital assets products on Monday 17th June.” Read more
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US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns
Ripple’s CEO, Brad Garlinghouse, has voiced concerns that the U.S. government’s scrutiny of Tether, the foremost issuer of stablecoins by market cap, could notably affect the cryptocurrency environment. Read more
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Tether sees record net profit of over $4.5 billion in first quarter of 2024
Tether’s attestation for the first quarter of 2024 revealed the firm made a net profit of $4.52 billion, saw its highest-ever percentage ownership of Treasury bills and had total net equity exceeding $11.3 billion. Read more
