Tether execs draw dividends as threat of US indictment grows

Quick Summary:

Tether issued its latest quarterly 'attestation' of the reserve assets allegedly backing the $119.4B in issued USDT as of September 30, which has risen by $1B as it claims high demand for its stablecoin.

The post Tether execs draw dividends as threat of US indictment grows appeared first on CoinGeek.

This figure has since risen by $1 billion as Tether claims that demand for its stablecoin is high, despite reports that U.S.authorities are preparing criminal charges against its issuers and possible seizure of its assets.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaAustraliaGermanyHong KongSouth Korea

Topics: United States Paolo Ardoino Tether T-Bills Stablecoins Business Crypto Crime Cartel Circle USDT BDO Italia Cantor Fitzgerald USDC Howard Lutnick

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 12:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1528 words

Reading Time: 9 minutes read

Sentences: 45 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23431518

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