Tether CEO Breaks Down Reserves Backing USDT Stablecoin

October 29, 2024

in Crypto

Reading Time: 2 mins read

Tether CEO Paolo Ardoino has disclosed details about the stablecoin issuer’s reserves, revealing that it holds $5.58 billion in Bitcoin (BTC), $3.87 billion in gold, and approximately $100 billion in U.S. Treasury bonds.

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Tether CEO Breaks Down Reserves Backing USDT Stablecoin

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