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With the creation of Tether and other stablecoins, it is quick and easy to swap any cryptocurrency for Tether, while converting a cryptocurrency to cash would take days and cost transaction fees.
In periodic attestation statements, Tether has touted quarterly profits of more than $1 billion, and claimed it is sitting on an enormous war chest of billions of dollars in free capital. In the ...
Stablecoin Tether's recent growth is being driven by its use as an alternative to the U.S. dollar in emerging markets, rather than by demand for cryptocurrency trading, Tether CEO Paolo Ardoino ...
Tether Limited also disclosed a net equity of $11.9 billion, and the stablecoin's market capitalization exceeded $114 billion. [5] [6] Tether faces criticism regarding the transparency and verifiability of its claimed fiat reserves. [7] Tether is the largest cryptocurrency in terms of trading volume, holding 70% of the market share among ...
Under Ardoino, Tether intends to invest more than $1 billion into alternative financial infrastructure for emerging markets, artificial intelligence, and biotech through June 2025. [ 7 ] In March 2022, Ardoino worked with Michele Foletti, the mayor of Lugano , Switzerland, [ 9 ] to accept Tether and other cryptocurrencies for municipal payments.
After receiving tokens, Poly Network started to address the hackers as "Mr. White Hat" and offered to reward them with a $500,000 bug bounty and the position of "chief security advisor" of Poly Network, as a strategy to ensure safe return of the rest of the affected assets. [7] The last of the hacked money was returned to Poly Network on August 25.
In its latest attestation, the stablecoin giant reported $2.85 billion in profit and excess reserves of $5.4 billion.
A child harness (alternative: child tether, walking harness, British English: walking reins) is a safety device sometimes worn by children when walking with a parent or carer. Child harnesses are most commonly used with toddlers and children of preschool age, though they may also be used with older children, especially if they have special ...