Tether’s holdings of U.S. Treasuries surpass Germany’s, ranking 19th in the world
Tether released its comprehensive financial data for the first quarter of this year, which showed that as of March 31st, its direct and indirect holdings of US Treasury bonds were worth as much as $91 billion. At the same time, the company also held $5.4 billion worth of Bitcoin. According to data from the Treasury Department in March, Tether is the 19th largest holder of US Treasury bonds among sovereign nations, between South Korea and Germany. Former Speaker of the House, Paul Ryan, called for regulation of stablecoins because Tether's holdings of US Treasury bonds support the digital fortress of the US dollar.
Cointime May 4th News Express
1. Hong Kong Bitcoin Spot ETF has held 4,218 BTC since its listing three days ago
Tether issued USDT worth $266 million yesterday and redeemed USDT worth $103 million
According to ChainArgos monitoring, on May 3, Tether conducted a large-scale issuance and redemption activity. A total of 266 million USDT was issued that day, while 103 million USDT was redeemed.
USDT issuance on TON chain reaches $100 million
According to official data, the issuance and circulation of USDT on the TON chain has reached 100 million US dollars, making TON the fastest-growing blockchain for Tether USDT issuance in Web3 history.
Tether CEO: Keet's next version will have improved navigation
Paolo Ardoino, CEO of Tether, announced on X platform that the P2P encrypted communication application Keet will bring navigation and performance improvements in the next version.
Tether and Chainalysis enter transaction monitoring partnership
Tether, the largest stablecoin issuer of USDT, announced on Thursday that it has partnered with blockchain monitoring company Chainalysis to monitor the transactions of its tokens in response to increasing regulatory pressure. The company stated that this monitoring system will help Tether identify high-risk cryptocurrency addresses that may be used for illegal activities such as circumventing sanctions or financing terrorism.
USDT market value once exceeded 110 billion US dollars
According to CoinGecko data, the market capitalization of USDT has surpassed 110 billion US dollars today, currently at 109,906,458,259 US dollars.
USDT OTC price rose to 7.52 yuan, with a premium rate of 3.91%
According to Coin data, the off-market price of USDT has risen to 7.52 yuan, and the current exchange rate of the US dollar to the yuan is 7.2371 yuan. The USDT premium rate has reached 3.91%.
Tether CEO: USDT issuance has reached 107.3 billion
Tether CEO Paolo Ardoino posted on social media stating that the circulation of USDT has reached 107.3 billion, and USDT has become the most commonly used digital dollar in many emerging markets. Hundreds of millions of people living in countries with rapidly depreciating local currencies use it as a checking and savings account. A large part of this group does not have a bank account, which is a use case for USDT in the real world.
Data: Tether's net profit in 2023 is $6.2 billion, with only 100 employees
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.
Tether issues 1 billion USDT on Ethereum (authorized but not yet issued)
On April 5th, according to Whale Alert monitoring, Tether Treasury added 1 billion USDT to Ethereum. Tether CEO Paolo Ardoino stated that this 1 billion USDT is a supplement to Ethereum inventory. This is an authorized but unissued transaction, which means that this increase will be used for the next issuance request and cross-chain exchange inventory.
160 million USDT transferred from Tether Treasury to unknown wallet
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.
Tether announces completion of SOC 2 Type 1 audit
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 in Q1 and currently holds over $5.2 billion in BTC
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 announces expansion of strategic focus into AI
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.
MistTrack: Tether freezes a total of 1.3 million USDT on 4 Ethereum addresses
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".
MistTrack: Tether blocks 7 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 surpasses Starbucks, ranking 164th in global asset market value
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: Assisted the U.S. government in seizing $1.4 million in illegal funds related to technology fraud
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.
