Tether's net profit hits new high with $800 million in monthly profit
Tether’s total equity reached an all-time high of $14.2 billion, with consolidated assets of $134.4 billion.
JinseFinanceTether’s total equity reached an all-time high of $14.2 billion, with consolidated assets of $134.4 billion.
JinseFinanceTether CEO Paolo Ardoino said in an interview. “Launching your own blockchain is probably not the right move. There are many very good blockchains.”
JinseFinanceFTX and Alameda Research face lawsuit alleging USDT scheme. Deltec Bank accused of aiding fund misappropriation. Founder Sam Bankman-Fried convicted of fraud. Legal disputes with Binance, SEC, and CFTC continue. Industry awaits regulatory clarity amidst ongoing legal battles.
Huang BoJP Morgan criticizes Tether's market control, citing risks; Tether CEO defends, emphasizing regulatory cooperation and industry significance.
BrianPreviously, the company had frozen wallets linked to terrorism and warfare in Ukraine and Israel
AlexIn a recent blog post on 30 November, stablecoin issuer Circle, associated with USD Coin, denied accusations of illicit financing and ties to Justin Sun by the Campaign for Accountability.
BrianWith a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
CointelegraphThrough a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said.
CointelegraphTether has yet to issue a statement explaining exactly why it blacklisted the three addresses, but it has done so before to comply with law enforcement and to assist the exchange after a cyberattack.
CointelegraphPaolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.
Cointelegraph