Bitcoin News / Google News Bitcoin - 2 years ago
Tether to Buy More Bitcoin for Stablecoin Reserves& & The Wall Street JournalTether buys bitcoin with a portion of its net profit to back USDT stablecoin& & CNBCTether to buy Bitcoin based on monthly net profits& & Cointelegraph
Bitcoin News / Bitcoin.com - 2 years ago
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of...
Cryptocoins News / The Cointelegraph - 2 years ago
Tether said that Bitcoin’s decentralized nature and its long-term store of value made it an obvious choice for the stablecoin issuer. Tether, the company behind the la...
Bitcoin News / Google News Bitcoin - 2 years ago
Tether buys $222 million worth of bitcoin to back its USDT stablecoin& & CNBCTether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits& & CoinDeskTether to buy Bitcoin based on monthly net profits& & Cointelegraph
by COINS NEWS - 2 years ago
A few hours ago, the draft of the European crypto legislation (MiCA) was adopted by the EU Council and will become law immediately and implemented from next year. Among other things, the draft requires the identification of each crypto transaction wh...
by COINS NEWS - 2 years ago
Recently we have got the quarterly report by Tether, which was also made by an independent auditor, giving it more reliability as Tether itself is not exactly that well trusted. In just one quarter they had reported $1,5B in profits, making the...
Cryptocoins News / The Cointelegraph - 2 years ago
Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism. Stablecoin operator Tether Holding...
by COINS NEWS - 2 years ago
So a company behind Tether is Tether Limited Inc. and just few days ago they posted that they had a profit of 1.48 billion USD in first fiscal quarter of 2023 ( https://www.coindesk.com/business/2023/05/10/tether-reports-148b-profit-in-q1-reveals-bit...
Bitcoin News / Bitcoin.com - 2 years ago
Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82....
by COINS NEWS - 2 years ago
Almost all of us have heard of stablecoins. But the majority of us only know them for their simple description of being pegged to the dollar/Euro or some other major currency. But this is by far a gross simplification, as they have many interplays wi...
Cryptocoins News / Finance Magnates - 2 years ago
Tether, the largest issuer of stablecoins, closed the first quarter of 2023 with a net profit of $1.48 billion, which doubled from the $700 million it had generated in the previous quarter. The company confirmed that its token circulation also jumped...
Cryptocoins News / The Cointelegraph - 2 years ago
The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals. BDO Italia's latest attestation report for Tet...