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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaAustraliaGermanyVietnam

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

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

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1528 words

Reading Time: 9 minutes read

Sentences: 43 lines

Sentence Length: 36 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 23431518

View Article Analysis

About CoinGeek

Main Topics: Crypto

Official Website: coingeek.com

Update Frequency: 6 posts per day

Year Established: 2012

Headquarters: Canada

News Last Updated: 10 hours ago

Coverage Areas: Canada

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #82

Publisher Details

Frequently Asked Questions