Iran's central bank amassed $507M in USDT to dodge sanctions, using crypto tactics to access offshore liquidity.
Tether now holds billions in physical gold, which is unusual for a stablecoin issuer and makes it look more like a central bank-style reserve manager.
Tether operates a Treasury- and repo-heavy balance sheet, holding $181.2 billion in reserves against $174.5 billion in liabilities, leaving $6.8 billion in excess. High interest rates have turned ...
A Fortune deep dive into Tether makes clear that stablecoins are shifting from crypto curiosity to core infrastructure.
(Bloomberg) -- Tether Holdings SA, the stablecoin issuer seeking to raise as much as $20 billion in a stock sale, is exploring ways to ensure liquidity for investors after intervening to stop some ...