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Tether Slows Gold Purchases for USDT Reserves
BusinessReuterschannel-news-asia1mo ago2 sources

Tether Slows Gold Purchases for USDT Reserves

Data indicates that Tether significantly slowed its gold purchases for USDT reserves during the first quarter. This adjustment reflects a change in the company's asset allocation strategy.

VFD Group and Tether Report Latest Profits
Businesszerohedgepunch-ng1mo ago2 sources

VFD Group and Tether Report Latest Profits

VFD Group announced a profit of N5.19 billion, while cryptocurrency firm Tether reported a $1.04 billion profit for its first quarter. Tether also noted its treasury holdings now exceed $140 billion.

Tether Secures KPMG for First Big Four USDT Audit Amid Solvency Questions
BusinessFTYahoo2mo ago2 sources

Tether Secures KPMG for First Big Four USDT Audit Amid Solvency Questions

Tether has secured KPMG, a Big Four auditor, to conduct a full transparency review of its USDT stablecoin, directly addressing ongoing solvency and backing concerns amid a U.S. expansion push. This move follows previous analyses exploring the gold price threshold at which USDT could face balance-sheet insolvency.