Tether's US-regulated stablecoin, USA₮, ended July with $175.91 million in reserves backing 175.25 million tokens, creating a $660,000 surplus. The reserves consist of US dollars and Treasury-backed reverse repurchase agreements held by Anchorage Digital Bank, a federally chartered institution. This monthly attestation shows transparency and compliance with US stablecoin regulations, positioning USA₮ for institutional use amid evolving legislation. Compared to Tether's larger USDT stablecoin, USA₮ operates on a smaller scale but with stricter regulatory oversight.
Tether's USA₮ stablecoin maintained over 175 million tokens in circulation by the end of July, with reserve assets totaling $175.9 million. This created a record reserve surplus of $661,079, exceeding the redeemable supply by about 5%. Most reserves ...
Tether CEO Paolo Ardoino disputes the Bank for International Settlements' (BIS) preference for tokenized bank deposits, arguing that stablecoins backed by US Treasury bonds provide more solid reserves and guarantees. Ardoino highlights that tokenized...
Tether CEO Paolo Ardoino criticized the Bank for International Settlements (BIS) for promoting tokenized bank deposits over stablecoins, arguing that stablecoins are safer because they are fully backed by U.S. Treasuries, unlike tokenized deposits wh...
Tether is expanding its Hadron tokenization platform across the Asia-Pacific region, appointing Jed Nazif as Expansion Manager to drive real-world asset tokenization initiatives. Hadron, launched in 2024, enables institutions to issue and manage toke...
The United States government has filed a civil forfeiture case against approximately 225.36 million USDT, a stablecoin pegged to the U.S. dollar issued by Tether. This legal action names the stablecoins themselves as the defendant property, a method ...
