Data monitored by Whale Alert shows that at around 7:02 Beijing time, 1,000,000,000 USDT (1,000,742,500 USD) was minted at Tether Treasury. Tether's CEO, Paolo Ardoino, stated that this 1 billion USDT was a supplement to Tron's network inventory. This is an authorized but unissued transaction, meaning that the additional issuance will be used for the next issuance request and inventory for chain exchanges.

According to a new attestation report from BDO, Tether's reserves were made up of approximately 86% cash and cash equivalents as of September 30, which is the highest percentage ever. The report shows that $56.6 billion worth of reserves are in U.S. Treasury bills with a maturity date of less than 90 days, while another $8.8 billion was held in reverse repurchase agreements involving these bills. Tether has reduced its reliance on secured loans, which now make up only $5.1 billion worth of USDT reserves. BDO publishes attestations of Tether's reserves every quarter, with a one-month lag between the end of the quarter and the publication of the report.

Tether's Q3 attestation, verified by BDO Italy, revealed that the stablecoin has $3.2 billion in excess reserves supporting its value, including $72.6 billion in exposure to U.S. Treasuries. The attestation also disclosed $86.4 billion in assets in reserves as of September 30, with $83.2 billion in liabilities. Tether's CEO, Paolo Ardoino, has promised to introduce real-time data about reserves in the future, as the company aims to reduce its secured loans to zero by 2023. The company's USDT stablecoin remains the most popular, with an $84 billion market capitalization.

According to data from Brazil's revenue service agency, stablecoin Tether (USDT) has become increasingly popular in Brazil, accounting for 80% of all cryptocurrency transactions in the country. USDT transactions in Brazil amounted to $271 billion Brazilian reais (~$55 billion) as of mid-October, almost double the volume of Bitcoin (BTC) transactions in the country. The Brazilian tax agency tracks crypto-related activities of citizens using a sophisticated system that relies on artificial intelligence and network analysis, and is also targeting crypto investments held by the country's citizens overseas. The local Congress passed legislation that recognizes cryptocurrencies as "financial assets" for tax purposes in foreign investments, with taxes applied at a rate of 15% to 22.5%.

In response to the Wall Street Journal's article claiming that Tether is suspected of assisting terrorists in illegal financing using cryptocurrency, Tether CEO Paolo Ardoino stated in a post that since its establishment, Tether has cooperated with dozens of law enforcement agencies including the United States, Ukraine, and Israel. The use of cryptocurrency by malicious actors accounts for only a small portion of illegal activities in the traditional financial industry. The deceptive article by the Wall Street Journal deceived good people with false information.

Senator Cynthia Lummis and Representative French Hill have written to the Department of Justice urging them to conclude their investigations and make a decision on whether Binance and Tether should face criminal charges for their possible involvement in aiding Hamas. The lawmakers emphasized the importance of holding bad actors accountable for facilitating illicit activity, even if the reported level of funding is inaccurate. Lummis and Hill, who are both advocates for reasonable regulation of crypto, alleged that Binance and Tether knowingly allowed their platforms to be used by terrorist organizations. Binance and Tether have not yet commented on the matter.

The BLOCK PRO reported that US lawmakers are calling on the Department of Justice to consider bringing criminal charges against Binance and to further investigate the possibility of Tether's involvement in illegal finance.

Tether, the largest stablecoin issuer, plans to release real-time proof-of-reserves reports by next year, according to incoming CEO Paolo Ardoino. While there is no set deadline for the plans, Tether already provides daily reserves reports on its website, which currently shows $84.15 billion in USDT. Ardoino also aims to increase tech investments, engage with regulators, and expand into renewable energy. Recently, blockchain analytics platform Santiment reported that large amounts of Tether are returning to crypto exchanges, which may signal a bullish trend.

Tether, the stablecoin issuer, is committed to releasing real-time data on reserves supporting USDT in the coming years. Tether has set no hard deadline for achieving this real-time data reporting goal. In the latest quarterly proof, Tether had excess reserves of $3.3 billion as it converted a large number of controversial commercial bills into US government bonds worth $72.5 billion. Tether received a $42.5 million fine from the Commodity Futures Trading Commission (CFTC) in 2021 because USDT was not fully supported for most of the 26 months from 2016 to 2018. According to CoinMarketCap data, since then, Tether's scale has continued to expand, with a market capitalization of $83.9 billion and a daily trading volume often exceeding $30 billion. Last week, the company promoted former CTO Paolo Ardoino to CEO and former executive Jean-Louis van der Velde to an advisory role. Ardoino said he sees Tether as a "tech giant" that will "reshape the future of finance."

According to Whale Alert monitoring, Tron Network minted 1 billion USDT through Tether Treasury seven hours ago. Paolo Ardoino, Chief Technology Officer of Tether, stated in a tweet that this was an authorized but not yet issued transaction, which means the funds will be used as inventory for the next issuance request and chain exchange.