{"id":62202,"date":"2023-10-20T12:52:34","date_gmt":"2023-10-20T16:52:34","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=62202"},"modified":"2023-10-20T12:52:37","modified_gmt":"2023-10-20T16:52:37","slug":"tether-to-publish-real-time-reserve-reports-in-2024-report","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tether-to-publish-real-time-reserve-reports-in-2024-report\/","title":{"rendered":"Tether to Publish Real-time Reserve Reports in 2024 – Report"},"content":{"rendered":"\n

According to Paolo Ardoino, Tether's CEO<\/a>, the stablecoin issuer reportedly plans to alter the frequency with which it releases reserve data reports and plans to publish them in real-time by 2024.<\/p>\n\n\n\n

\"Tether
Tether to Publish Real-time Reserve Reports in 2024: Report<\/figcaption><\/figure>\n\n\n\n

Bloomberg reported on October 20 that Tether's chief technology officer and incoming CEO, Paolo Ardoino, stated that the company intends to publish real-time reserve data in 2024.<\/p>\n\n\n\n

The stablecoin issuer publishes and updates its reserves data at least once daily, per the Tether transparency page. In addition to quarterly reserve evaluations, Tether issues monthly reserve reports<\/a>.<\/p>\n\n\n\n

\"\"
Tether transparency page update as of\u00a0Oct. 19, 2023, at 11:30 pm UTC. Source: Tether<\/figcaption><\/figure>\n\n\n\n

Despite many cryptocurrency markets experiencing a decline in 2023, the company that issues USDT has gained traction over the past year. The company's assets increased by 5.7% to $86.5 billion, according to Tether's Q2 update. The company's “operational profit” exceeded $1 billion, a 30% increase from the previous quarter.<\/p>\n\n\n\n

Tether also saw an increase in stablecoin lending in 2023 despite having reduced stablecoin lending to zero in December 2022.<\/p>\n\n\n\n

According to Tether's Q2 attestation from the accounting firm BDO\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the company's excess reserves increased by $850 million, bringing the total to $3.3 billion. <\/p>\n\n\n\n

In addition, the company disclosed that it had $72 billion in indirect exposure to U.S. Treasuries held by money market funds and as collateral for its overnight repo.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to Paolo Ardoino, Tether’s CEO, the stablecoin issuer reportedly plans to alter the frequency with which it releases reserve data reports and plans to publish them in real-time by 2024. Bloomberg reported on October 20 that Tether’s chief technology officer and incoming CEO, Paolo Ardoino, stated that the company intends to publish real-time reserve […]<\/p>\n","protected":false},"author":1,"featured_media":55769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[16856,1531,1103,2061],"class_list":["post-62202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-reserve-reports","tag-stablecoin","tag-tether","tag-usdt"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-4.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=62202"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/55769"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=62202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=62202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=62202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}