Tether Agrees to Increased Transparency and CFTC Fine for Past Reserves Issues
- Tether will publish real time reserve data for USDT in 2024
- Tether had $3.3B excess reserves, converted commercial paper to Treasuries
- Tether received $42.5M CFTC fine in 2021 for USDT not fully backed 2016-2018
- USDT has $83.9B market cap, over $30B daily volume
- Tether promoted CTO Paolo Ardoino to CEO, former CEO now advisor
