Bitwise President Teddy Fusaro cited Maelstrom data indicating that stablecoin issuer Tether's net profit in 2023 is approximately $6.2 billion, which is 78% of Goldman Sachs' $7.9 billion and 72% of Morgan Stanley's $8.5 billion. However, Tether has only about 100 employees, while Goldman Sachs and Morgan Stanley have 49,000 and 82,000 employees, respectively.

According to Whale Alert monitoring, at around 20:14 Beijing time, 160,000,000 USDT (160,079,599 USD) was transferred from Tether Treasury to an unknown wallet.

According to official sources, Tether has announced the completion of SOC 2 Type 1 audit. It is said to be a major security update for the stablecoin issuer. SOC 2 Type 1 audit is a security compliance standard developed by the American Institute of Certified Public Accountants (AICPA). The SOC 2 Type 1 report is based on security, availability, processing integrity, and confidentiality, ensuring that Tether has strong IT control measures to ensure the security of its systems, access when needed, and confidentiality of information.

Tether purchased 8,888 bitcoins worth about $627 million in the first quarter of 2024. Currently, its total holdings amount to approximately 75,354 BTC, worth over $5.2 billion.

Tether has announced the strategic expansion into the field of artificial intelligence. First, Tether data plans to develop open-source, multi-mode AI models, seamlessly integrating AI solutions into market-driven products, and is committed to promoting the development of open AI fields. In addition, Tether data has announced the recruitment of AI-related talents worldwide.

According to MistTrack monitoring, Tether has frozen a total of 1.3 million USDT on 4 Ethereum addresses, and the frozen addresses seem to have interacted with addresses marked by MistTrack as "malicious theft addresses".

According to MistTrack monitoring, Tether has blocked 7 addresses: 1. 4 contract addresses, one of which is RFOX Token. 2. Address 0xea5...756 has interacted with gamdom[.]com, coinspaid[.]com, and alphapo[.]net. 3. Address 0x5ff...36e has interacted with Binance.

Tether's market value (103.15 billion US dollars) has surpassed Starbucks (102.66 billion US dollars) according to 8marketcap data, currently ranking 164th in global asset market value.

Tether, the issuer of the stablecoin USD, announced that it has assisted the US government in seizing $1.4 million of illegal funds related to technology fraud, which will be returned to the victims of the fraud. Tether stated that this voluntary support to the Department of Justice and the Federal Bureau of Investigation marks another significant effort in its fight against financial fraud using cryptocurrency.

Tether has announced that USDT will soon be launched on the Celo blockchain network. USDT is currently running on 16 networks, including Algorand, Avalanche, Ethereum, EOS, Liquid Network, Near, Omni, Polygon, Solana, Bitcoin Cash's Standard Ledger Protocol, Statemine, Statemint, Tezos, and Tron.