Key Highlights: Tether’s reserves supporting USDT saw an increase of roughly 1,130 BTC during the third quarter, bringing the total in reserve reporting up from approximately 98,930 BTC recorded at the end of June. A $2.57 billion valuation surge in the reserve’s Bitcoin portfolio was predominantly driven by market price appreciation rather than large-scale asset ...
Key Highlights: Tether posted a steady $1.5 billion in net profit for Q3, matching previous quarters to bring its total 2026 earnings to $4.5 billion. Surging market prices for Bitcoin and physical gold contributed to a $3.85 billion paper boost in reserves, prompting Tether to double its reserve buffer to $8 billion. Despite a slight ...
Tether CEO’s ‘Decentralized Ownership’ Claim Faces Scrutiny Over Legal and Economic Reality Paolo Ardoino offered a striking answer to a familiar U.S. debt problem: replace concentrated foreign buyers with hundreds of millions of stablecoin users. In an Aug. 31 episode of The Wolf of All Streets, the Tether CEO said the company had created the ...