The issuer of the largest stablecoin, Tether continues its path to transparency. In the recent quarterly reserve report, the company showed a breakdown for a previously consolidated reserve category that revealed its investments in gold and bitcoin.
On February 9, 2023, Tether shared with its users the fourth quarterly report for 2022. By the end of 2022, Tether completely disposed of commercial paper in reserves, reduced secured loans by $300 million, and received more than $700 million in profits for the last quarter.
The stablecoin issuer has recently been directing clients to Britannia Bank and Trust, its third Bahamas-based banking partner, to process dollar transfers.
The stablecoin issuer has recently been directing clients to Britannia Bank and Trust, its third Bahamas-based banking partner, to process dollar transfers.
The issuer of the largest stablecoin, Tether continues its path to transparency. In the recent quarterly reserve report, the company showed a breakdown for a previously consolidated reserve category that revealed its investments in gold and bitcoin.
On February 9, 2023, Tether shared with its users the fourth quarterly report for 2022. By the end of 2022, Tether completely disposed of commercial paper in reserves, reduced secured loans by $300 million, and received more than $700 million in profits for the last quarter.
