Skip to content
Tether Increases US Treasury Holdings Despite Profit Decline

Tether Increases US Treasury Holdings Despite Profit Decline

Tether, the issuer of the USDT stablecoin, significantly increased its holdings of US Treasuries by over $3 billion in a recent quarter, bringing its total exposure to approximately $120 billion. This move occurred despite a year-over-year decrease in quarterly profits. The company’s latest attestation report highlights the shift in its reserve composition towards US Treasury bills, reverse repurchase agreements, and money market funds with Treasury exposure.

TRON’s USDT Surpasses $70B Milestone

  • News

TRON’s blockchain now boasts over $70 billion in circulating USDT, highlighting its rising popularity as a cost-effective and fast platform for stablecoin transactions, especially in emerging markets. This milestone showcases TRON’s dominance in the stablecoin settlement arena.

Ethereum Shorts Liquidated: $42M Wipeout

  • News

Ethereum shorts suffered a brutal $42.33 million liquidation blow as ETH prices surged, wiping out thousands of traders. This massive market shift highlights the volatility of the crypto market and the risk of shorting. Find out who got hit hardest and why.