Tether, the largest stablecoin producer, will begin to share its reserves for USDT more transparently.
According to the statements made by Paolo Ardoino, who was appointed as the CEO of Tether, the company will increase its USDT reserves next year. share in real time will start.
Tether, which converted the financial bills in its reserve into treasury bills, increased its reserves in the second quarter. It is 3.3 billion dollars he explained. The company in the first quarter of the year $1.5 billion announced and Binance CEO Changpeng Zhao said that Tether is in the crypto industry. “it could be the biggest company” told.
Tether exchanges USDT with US dollars one to one to the regulators in 2021 on the grounds that it did not support more than $40 million He paid a fine.
According to the audit report published by Tether on June 30, the company’s reserves Bitcoin (BTC) worth $1.6 billion is available.