Tether maintains $3.3B in liquidity cushion: USDT transparency report

Tether maintains a liquidity cushion of nearly $3.3 billion to provide stability and trust in its ecosystem, with reserves totaling $86.1 billion, confirming a backing of over 100%.

cointelegraph.com

Relevant topic timeline:

8/27/2023

OnlyFans Purchased $20 Million of ETH

Tether (USDT) is the world's largest stablecoin with over $66 billion in market capitalization, despite controversies surrounding its collateral and reserve holdings.

9/5/2023

Tether’s Ardoino says it’s now a top buyer of US Treasury bills, holds $72.5B

Stablecoin issuer Tether has become one of the top buyers of US Treasury bills, with an exposure of $72.5 billion, ranking above several countries, according to Tether's CTO Paolo Ardoino. This highlights the relevance of USDT in emerging markets as a protection against inflation.

9/19/2023

Tether Authorizes $1B in USDT to Boost Liquidity on Tron Network

Blockchain trackers have flagged a $1 billion authorization of Tether (USDT) in Tether's Treasury, which will be used to replenish the Tron network for issuance requests and chain swaps.

9/20/2023

Tether Spends $420M on GPUs for Controversial Bitcoin Miner Pivoting to AI Cloud Services

Stablecoin Tether has invested $420 million in German bitcoin miner Northern Data to gain a 20% stake and access to 10,000 Nvidia H100 GPUs, aiming to become a major cloud GPU player in the AI industry.

9/21/2023

Tether Loans Rise in 2023 Despite Previous Pledge to End Controversial Program

Despite announcing its plans to eliminate secured loans, Tether, the largest stablecoin issuer, has experienced a rise in such loans in 2023, with $5.5 billion of loans in its recent quarterly report, although it aims to reduce this to zero by 2024.

9/21/2023

Tether Invests in Bitcoin Miner Northern Data, Hints at AI Collaboration

Tether, the firm behind stablecoin USDT, has made a strategic investment in crypto miner Northern Data Group in support of artificial intelligence initiatives and potential collaborations involving AI, P2P communications, and data storage solutions.

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Posted 8/25/2023, 8:19:25 AM

Tether maintains $3.3B in liquidity cushion: USDT transparency report

Tether maintains a liquidity cushion of nearly $3.3 billion to provide stability and trust in its ecosystem, with reserves totaling $86.1 billion, confirming a backing of over 100%.

cointelegraph.com

Relevant topic timeline:

8/27/2023

OnlyFans Purchased $20 Million of ETH

Tether (USDT) is the world's largest stablecoin with over $66 billion in market capitalization, despite controversies surrounding its collateral and reserve holdings.

9/5/2023

Tether’s Ardoino says it’s now a top buyer of US Treasury bills, holds $72.5B

9/19/2023

Tether Authorizes $1B in USDT to Boost Liquidity on Tron Network

Blockchain trackers have flagged a $1 billion authorization of Tether (USDT) in Tether's Treasury, which will be used to replenish the Tron network for issuance requests and chain swaps.

9/20/2023

Tether Spends $420M on GPUs for Controversial Bitcoin Miner Pivoting to AI Cloud Services

9/21/2023

Tether Loans Rise in 2023 Despite Previous Pledge to End Controversial Program

9/21/2023

Tether Invests in Bitcoin Miner Northern Data, Hints at AI Collaboration