Tether Reports $700 Million Q4 Net Profit in Latest Attestation Report
Stablecoin issuer Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it reinvested into its reserves.
Heroes Of The Crypto Community Rally Behind Turkey
Several crypto companies including Binance, Tether, Bitfinex, OKX, and Kucoin pledged over $9 million in aid for the earthquake victims in Turkey and Syria.
Tether and INHOPE Face CSAM Together
Tether and INHOPE have announced a collaboration to eliminate CSAM (child sexual abuse material) related payments on the network.
86% of Tether Was Concentrated Among Four People Till 2018
A new report by the Wall Street Journal brought to light some interesting facts and numbers related to the issuer of the world’s largest stablecoin.
Tether Leads In The Emerging Markets
Tether is committed to serving people in emerging markets globally.
A Group of Four Men Controlled 86% of Stablecoin Issuer Tether Holdings Limited As of 2018
According to the documents, Tether was built by the joint efforts of ex-plastic surgeon Giancarlo Devasini and former child actor and crypto entrepreneur Brock Pierce. In September 2014, Tether Holdings was incorporated in the British Virgin Islands.
86% of Tether Was Controlled by 4 People: WSJ
Four men owned 86% of Tether as of 2018, according to investigatory documents viewed by the Wall Street Journal.
Tether Denies It Borrowed $2B From Celsius, As Described in Court Report
Stablecoin issuer Tether is pushing back against assertions that it borrowed funds from failed crypto lender Celsius.
Tether Denies Borrowing from Bankrupt Celsius
Tether’s (USDT) chief technology officer Paolo Ardoino has denied that the stablecoin issuer took a loan from Celsius in a Jan. 31 tweet. Ardoino responded to a Twitter thread on the Celsius examiner report that said that Tether, alongside Three Arrows Capital and Alameda Research, could exceed their credit limits with the bankrupt lender. The report claimed that the stablecoin issuer had over $2 billion in exposure to Celsius and was considered an “existential threat” to the lender’s financial health. It added that Celsius’ couldn’t survive a Tether default because its capital was insufficient. (cryptoslate)
