Whale Alert monitoring shows that at around 7:47 Beijing time, 70,000,000 USDT (worth $69,998,740) was transferred from Tether Treasury to Bitfinex.

Stablecoin issuer Tether announced the launch of its global Web3 digital education program "Tether Edu", dedicated to promoting accessibility to digital skills. Tether Edu will be responsible for coordinating various global education projects supported by the company, partnering with industry pioneers and experts to provide blended courses, customized seminars, and master classes. These courses cover not only blockchain education but also various digital education fields such as design, artificial intelligence, and coding, with a special focus on emerging markets such as Africa, Latin America, the Middle East, Europe, and Asia.

Tether, the largest stablecoin with a market cap of $96 billion, has released its Q4 attestation report. The report shows a decrease in secured loans to $4.8 billion and an increase in excess reserves to $5.4 billion. However, the report reveals that a significant portion of Tether's reserves are still volatile assets, including $2.8 billion of Bitcoin and $5.6 billion classified as "other investments." Critics dispute Tether's claim that its stablecoin is backed one-to-one mostly by U.S. dollar equivalents like Treasury bills, and questions remain about the company's secured loan program.

Tether has released its Q4 proof of reserves report. From a financial performance perspective, Q4 net profit reached a historical high of $2.85 billion, of which approximately $1 billion (mainly from US Treasury interest) came from operating net profit, and the rest mainly came from the appreciation of gold and Bitcoin reserves. Excess reserves reached a historical high, increasing by $2.2 billion to a total of $5.4 billion, with the remaining $640 million invested in various strategic projects (such as mining, AI infrastructure, P2P telecommunications, etc.). The group's net profit for 2023 is expected to be $6.2 billion, of which approximately $4 billion will come from net operating profit generated by US Treasury bonds, reverse repurchase agreements, and money market funds, with the rest coming from the performance of other asset categories.

Tether CEO Paolo Ardoino stated on X platform that Tether does not choose which blockchain to use. Tether supports different blockchains because they are the transfer layer for USDt and other tokens.Users decide which one is most suitable for them based on factors such as support, speed, and cost. Nevertheless, Tether maintains the same functions for issuance, redemption, destruction, and freeze/unfreeze (to meet compliance requirements) on the supported blockchains.

According to Lookonchain monitoring, TetherTreasury has minted 13 billion USDT on the Ethereum and Tron networks since October 20, 2023.

Whale Alert has monitored Tether Treasury's creation of 1 billion USDT on the Tron network. Paolo Ardoino, the CEO of Tether, stated that this 1 billion USDT is a supplement to the Tron network's inventory and is an authorized but unissued transaction, meaning that this increase will be used for future issuance requests and cross-chain exchanges.

Whale Alert monitoring shows that at around 21:26 Beijing time, 199,800,199 USDT (199,704,795 USD) was transferred from Tether Treasury to an unknown wallet.

Tether has recently purchased 8,888 Bitcoins, increasing its total holdings to approximately 66,465 Bitcoins, which are currently worth around $2.8 billion. Tether began purchasing Bitcoin in September 2022, with an initial purchase of 33,980 BTC. Since then, the company has continued to acquire Bitcoin every quarter. Its second largest purchase was in March 2023, when it bought 15,915 BTC. According to blockchain data, the most recent purchase was at the end of the fourth quarter of 2023, when it bought 8,888 BTC, making it Tether's third largest purchase to date.

Stablecoin issuer Tether has reached a strategic partnership with DeFi bridging service provider Rhino.Fi, aiming to enhance cross-chain transactions and improve the user experience of USDT in the DeFi field. This includes seamless USDT bridging on Ethereum, Arbitrum, Optimism, zkSync, Polygon, StarkNet, Manta, Scroll, and Avalanche, with plans to expand to networks such as Tron, Base, and Solana in the future.