Tether USD

24h change: +0.07%. From $0.9991 to $0.9998.

• Tether let go two senior gold traders hired from HSBC only three months prior, just weeks ahead of auditors reviewing its reserves. The move has sparked concerns over transparency in its gold-backed assets. This occurs as Tether pursues its first full financial audit.
• Tether introduced its regulated USAT stablecoin on Celo, an Ethereum layer-2 network, to boost accessibility and compliance. Partnerships with exchanges like Bybit and Kraken support wider adoption. This expansion targets institutional and retail users in regulated markets.
• Jesse Spiro, Tether vice president for regulatory affairs, appointed chair of a super PAC promoting crypto-friendly policies. This positions Tether deeper in U.S. political advocacy. The PAC aims to support pro-crypto legislation and candidates.

24h change: -0.00%. From $0.9992 to $0.9992.

• Tether let go of two top precious metals traders poached from HSBC months after hiring them to develop its gold trading capabilities. The company now holds about 140 tons of gold valued at $24 billion stored in Switzerland. This shakeup highlights challenges in blending crypto and traditional gold markets.
• Tether engaged a Big Four accounting firm to conduct its first full independent financial statement audit. This initiative sets a new standard for transparency in the digital asset industry. The audit is noted as the largest inaugural one in financial markets history.
• Prediction markets indicate a 59% chance USDT will surpass Ethereum for the #2 market cap spot this year. USDT's circulation exceeds $184 billion, underscoring stablecoin growth. This reflects increasing dominance of stablecoins in crypto ecosystems.

24h change: -0.00%. From $0.9991 to $0.9991.

• Tether selected a Big Four accounting firm via competitive process for its first full financial statement audit of USDT reserves. The review covers assets, liabilities, controls, and reporting for the $184 billion stablecoin. This addresses criticism over transparency and reserve verification.
• The total stablecoin market cap dropped $1.04 billion in the week to March 28. USDT supply dipped slightly from $187 billion peak to around $184 billion. Daily trading volume for USDT remains high above $60 billion.

24h change: -0.01%. From $0.9993 to $0.9991.

• Tether selected KPMG to perform the first full financial statement audit of its USDT reserves, estimated at $184-185 billion. PwC was hired to strengthen internal controls in preparation. The audits support Tether's ambitions for U.S. market entry and fundraising efforts.

24h change: -0.02%. From $0.9994 to $0.9992.

• Tether hired KPMG to conduct USDT audits and brought in PwC as part of gearing up for U.S. expansion. These engagements aim to improve financial transparency and meet regulatory standards. This development helps build confidence in USDT's reserves and operations.
• Tether announced it has frozen $4.2 billion in USDT associated with criminal activities, including $61 million recently for the U.S. Justice Department. This action shows cooperation with authorities to combat illicit finance. It highlights ongoing efforts to maintain the integrity of the USDT ecosystem.
• Tether is advancing its U.S. ambitions through ties in Washington and launches like the USAT stablecoin. These moves address past restrictions and position Tether for domestic growth. Enhanced compliance and reserves bolster its regulatory standing.