{"id":31501,"date":"2024-10-28T10:37:05","date_gmt":"2024-10-28T07:37:05","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31501"},"modified":"2024-10-28T10:37:05","modified_gmt":"2024-10-28T07:37:05","slug":"trust-in-tether-in-the-cryptocurrency-market-is-growing","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trust-in-tether-in-the-cryptocurrency-market-is-growing\/","title":{"rendered":"Trust in Tether in the Cryptocurrency Market is Growing!"},"content":{"rendered":"

Tether CEO Paolo Ardoino disclosed details of the company’s reserve assets at the PlanB event in Lugano, Switzerland.<\/p>\n

The CEO recently highlighted key topics, stating that Tether’s reserves include approximately $100 billion in U.S. Treasury bonds, $5.5 billion in 82,000 Bitcoin, and 48 tons of gold.<\/p>\n

These assets are held to support the USDT stablecoin.<\/p>\n

Tether Denies Investigation Allegations<\/strong><\/p>\n

A recent Wall Street Journal article suggested that the company was under investigation for allegedly violating anti-money laundering laws and U.S. sanctions. However, Tether’s CEO Ardoino denied these claims, stating, We have clear information that Tether is not under any investigation.<\/p>\n

WSJ is recirculating old information, he said. The company emphasizes that it has cooperated with law enforcement since 2014 in efforts to recover around $109 million in digital assets used in illicit activities.<\/p>\n

\n

You can join our\u00a0Telegram<\/a>\u00a0<\/strong>channel to not miss the\u00a0news<\/a>\u00a0<\/strong>and stay informed about the crypto world.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Tether CEO Paolo Ardoino disclosed details of the company’s reserve assets at the PlanB event in Lugano, Switzerland. The CEO recently highlighted key topics, stating that Tether’s reserves include approximately $100 billion in U.S. Treasury bonds, $5.5 billion in 82,000 Bitcoin, and 48 tons of gold. These assets are held to support the USDT stablecoin.<\/p>\n","protected":false},"author":23,"featured_media":31502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[58,488,118,1765],"class_list":["post-31501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-cryptocurrency","tag-stablecoin","tag-tether","tag-wsj"],"yoast_head":"\nTrust in Tether in the Cryptocurrency Market is Growing! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/trust-in-tether-in-the-cryptocurrency-market-is-growing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trust in Tether in the Cryptocurrency Market is Growing! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Tether CEO Paolo Ardoino disclosed details of the company’s reserve assets at the PlanB event in Lugano, Switzerland. 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