unsplash
Tether's reserves have reached an all-time high (ATH), generating unprecedented revenues.
unsplash
Tether is a stablecoin that aims to maintain a 1:1 peg with the US dollar, backed by reserves.
unsplash
Contrary to popular belief, Tether is not exclusively backed by US dollars; it also includes other assets.
The Bitcoin news
Tether's reserves consist of cash, cash equivalents, and other digital assets.
Google
The reserves backing Tether are subject to regular professional audits to ensure transparency.
The Bitcoin news
Tether's revenues from its reserves have skyrocketed, contributing significantly to the company's growth.
The Bitcoin news
Tether's ATH revenues have surpassed those of many traditional financial institutions.
The Bitcoin news
Tether's success has led to increased adoption and usage in the cryptocurrency market.
unsplash
Tether's reserves are stored in secure, audited bank accounts, providing stability to its pegged value.
unsplash
Tether has faced controversies and legal challenges concerning the transparency of its reserves.