Tether has reportedly partnered with Bahamas based Britannia Bank & Trust to process dollar transfers.
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Tether
Tether's attestation report for the second quarter of 2023 revealed that the USDT issuer recorded an operational profit of over $1 billion.
Summary: On Thursday, Crypto’s largest stablecoin USDT from Tether slightly depegged as a token imbalance rocked Curve’s popular 3pool. Tether...
USDT issuer Tether has invested in El Salvador's $1 billion Volcano Energy, paving the way for developing one of the world's largest Bitcoin mining farms powered by renewable energy.
After plans to buy Bitcoin with 15% of net profits, Tether is expanding to multiple countries through Strike, a payment network built atop Bitcoin L2 chain Lightning.
Tether reportedly used Signature Bank to gain access to the U.S. banking system. The USDT issuer directed payments to its Bahamas-based banking partner using Signature's Signet platform.
Tether's latest attestation report revealed that the USDT issuer's assets exceeded its liabilities. CTO Paolo Ardoino claimed that the firm made a profit of $700 million in the last quarter of 2022.
Justin Sun promises $1 billion USDT buy to support USDD reserves and maintain dollar peg.