BDO Italia accounting firm to conduct attestations for Tether’s dollar reserve
Tether Holdings Limited has hired BDO Italia a member of the BDO Global accounting organization to carry out routine (Monthly) assessments and attestations of its dollar reserves. According to information released by the firm on Thursday, Tether, which manages the USDT stablecoin, started collaborating with BDO Italia in July. To make sure that each unit […]
Tether affirms that it will support post-Merge Ethereum
According to Tether, a seamless transition is crucial for the DeFi ecosystem’s platforms, including those that use their tokens. Stablecoin juggernaut Tether has now formally confirmed its support for Ethereum’s forthcoming Merge upgrade and conversion to a Proof-of-Stake (PoS) consensus mechanism-based blockchain, after an official announcement by USD Coin (USDC) issuer Circle Pay. The announcement […]
Tether supply begins to rise after three-month drop
The Tether printers have been restarted in response to an increase in the amount of USDT that is currently in circulation. Tether (USDT), the biggest stablecoin in the world, has increased its supply in circulation after almost three months of decreases, which could be a hint that the cryptocurrency markets are beginning to slowly rebound. […]
Tether continues to cut back on commercial paper since March
In order to dispel speculations, the stablecoin issuer declared last month that it will be eliminating all commercial paper from its holdings. According to plans, Tether is lowering its holdings of commercial paper, the stablecoin business announced on Friday. According to initial plans revealed last month, it has met the target amount of $8.4 billion […]
Stablecoin FUD debunked by Tether CTO as short-sellers circle
Tether CTO accused hedge funds of aiding the spread of FUD; fear, uncertainty, and doubt in order to buy the tokens at a much lower price. According to Paolo Ardoino, certain hedge funds are allegedly putting “billions” of dollars under pressure to “damage Tether liquidity” in order to later repurchase tokens at a much reduced […]