ALL From Tether

Director of VanEck: Tether is one of the largest buyers of U.S. Treasury bonds internationally

Gabor Gurbacs, the head of digital asset strategy at global asset management company VanEck, stated on social media platform X that Tether's contribution to the US dollar is greater than any other big-name cryptocurrency platform in the United States, and Tether is one of the largest buyers of US government bonds internationally. Tether provides USDT to people in emerging markets who need it, and Tether deserves more trust.

Tether Makes Strategic Investment into German Crypto Miner Northern Data Group for AI Initiatives

Tether, the firm behind stablecoin USDT, has made a strategic investment in German crypto miner Northern Data Group to support emerging technology, including artificial intelligence, peer-to-peer communications, and data storage solutions. The exact amount of the investment has not been disclosed, but Tether denies Forbes' report of a $420 million investment. <br>

Tether and Bitfinex CTO to Testify in $1.4 Trillion Lawsuit Amidst Allegations of Financial Misconduct and Insufficient Reserves

Paolo Ardoino, the CTO of Tether and Bitfinex, will testify in a class-action lawsuit this week. The lawsuit, filed in 2019 by LeboBTC co-founder Jason Leibowitz, alleges financial misconduct against both firms and seeks over $1.4 trillion in damages.

Tether CTO: Tether Currently Holds US$72.5 Billion in U.S. Treasury Bonds, Becoming the 22nd Largest Holder in the World

September 5th, Tether's Chief Technology Officer Paolo Ardoino posted on social media that Tether currently holds 72.5 billion US dollars of US Treasury bonds, surpassing countries such as the United Arab Emirates, Mexico, Australia, and Spain, and becoming the 22nd largest holder in the world.

Tether Partners with Private Bank Britannia Bank & Trust to Process U.S. Dollar Transfers

Stablecoin issuer Tether has partnered with Bahamas private bank Britannia Bank &amp; Trust to handle US dollar transfers. Insiders say that although it is unclear when the banking relationship began, Tether has instructed clients to transfer funds to Britannia's bank account in recent months. The total circulation value of Tether stablecoins has grown by about 24% this year, reaching $82 billion. <br>

Tether Transparency Report: Total Assets Reach $86.1 Billion, Reserve Ratio Exceeds 100%

On August 25th, as reported by Cointelegrahp, Tether's transparency report shows that Tether currently has nearly 3.3 billion US dollars in liquidity reserves. As of August 24th, Tether's total assets were 86.1 billion US dollars, total liabilities were 82.8 billion US dollars, and the reserve ratio was over 100%.

DEA Loses $55,000 in Seized Tether to Scammer in Address Poisoning Attack

The United States Drug Enforcement Administration (DEA) lost $55,000 in seized Tether earlier this year due to a scammer's "address poisoning" tactic. The DEA had seized over $500,000 worth of USDT from two Binance accounts suspected of laundering drug money.

Tether: Destroyed 1.2 Billion USDT in the Early Morning for Chain Exchange and Redemption, the Total Supply Has Not Changed

Tether announced on X platform in the early morning that within a few minutes, Tether would destroy 1.2 billion USDT (on Tron) accumulated in the vault wallet on the Waves platform, as part of the previous cycle's chain swap and redemption. The total supply of USDT will not change during this process.On-chain data shows that a few minutes after Tether released the above announcement, Tether's vault had destroyed 1.2 billion USDT on the Tron network at 01:17 Beijing time.

Tether discontinues support for Omni Layer, Kusama and Bitcoin Cash SLP in strategic shift

Tether, the company responsible for the popular stablecoin USDT, has announced a change in its strategic priorities. As a result, it will no longer support the blockchain platforms Omni Layer, Kusama, and Bitcoin Cash SLP. <br>

Tether CTO Paolo Ardoino unveils details of the company's new Bitcoin mining software, Moria

Tether's Chief Technology Officer (CTO) Paolo Ardoino has revealed details about the company's new Bitcoin mining software, Moria. Ardoino announced the name of the revolutionary coordinator module and stated that for Tether's Bitcoin mining software Moria, the coordinator module will be called "Ork", laying the foundation for a deeper understanding of the software's functionality. Ardoino stated that although there are many cloud-based Bitcoin mining trackers, everything he has seen so far is not truly customizable and lacks real-time, tick-by-tick deep orchestration capabilities. Optimizing output through tick-by-tick data. Ardoino shared the future roadmap of the software, stating that once the Bitcoin mining part is fully implemented, the software will be extended to coordinate energy production. There are incredible amounts of information available from solar panels, wind turbines, etc. The architecture of Moria is based on the Holepunch system, designed specifically for scalability and modularity. It can collect data from different types of devices, aggregate this data, and then use advanced technologies such as artificial intelligence prediction models for analysis.