Tether invests in energy production in Uruguay to mine bitcoin
Tether is following in the footsteps of Bitfinex operator iFinex, which has previously invested in bitcoin mining efforts led by Blockstream.
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Tether is following in the footsteps of Bitfinex operator iFinex, which has previously invested in bitcoin mining efforts led by Blockstream.
Tether is no longer required to submit attestations but does this mean that all transparency around the leading stablecoin will be lost?
— Crypto, Heka Funds
Malta-based Tether client and stablecoin whale Heka Funds regularly turns a profit and since inception has seen returns of 100%.
A Crypto.com spokesperson said that its decision on Tether was made "in accordance with instructions from the Ontario Securities Commission."
Tether has repeatedly promised complete transparency and to get itself audited. Neither of these things has happened but does anybody care?