Record Profits for Tether Driven by Treasury Holdings
Tether's Q4 2023 net profit hits $2.85 billion, driven by U.S. Treasury interest. Annual profits reach $6.2 billion, showcasing crypto prominence.
EdmundTether's Q4 2023 net profit hits $2.85 billion, driven by U.S. Treasury interest. Annual profits reach $6.2 billion, showcasing crypto prominence.
EdmundTether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
Cheng YuanTether Treasury transfers $182 million USDT to an unknown 'whale', with total transactions now at $2 billion, maintaining market stability.
Xu LinUSDT is also present on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Kava
BeincryptoThe order relates to a lawsuit that alleges unbacked USDT issuances have caused $1.4 trillion in damage to the market.
OthersUSDC, USDP and TUSD will be converted to BUSD at a ratio of 1:1. At the same time, the affected spot trading pairs will also be delisted. You may notice that USDT is not on the list. Is it good news? In fact, this is not a good thing for the future development of USDT.
NellTether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether."
CointelegraphNewly surfaced reports revealed that some hedge funds are now shorting Tether USDT. A Monday report from the Wall Street ...
BitcoinistWith a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” 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.
Cointelegraph