Bitcoin24h $64,920.60+0.76%

Ethereum24h $1,914.73+0.43%

BNB24h $592.20+0.25%

XRP24h $1.02-0.88%

Solana24h $73.86+1.36%

TRON24h $0.3270+0.05%

Hyperliquid24h $54.38-3.23%

Dogecoin24h $0.0697+1.33%

UNUS SED LEO24h $9.76+0.01%

Zcash24h $510.77+3.46%

Tether’s gold-backed aUSDT barely minted since its launch a month ago

Despite Tether’s gargantuan size and billions in annual profit, just five wallets have opened aUSDT positions and only 32 wallets hold it.

Let’s talk about Tether’s investments

Tether has grown its role in the crypto ecosystem, funding projects across different verticals while receiving fewer audits than FTX.

Hong Kong police arrested three individuals accused of stealing HK$3.11 million (~$400,000) worth of Tether using fake banknotes.

Chinese national Sun Yunfeng lied about Tether execs, including Stuart Hoegner and CFO Giancarlo Devasini, working at his firm.

Tether-owned Northern Data has been accused of securities fraud and tax evasion in a lawsuit filed by former executives.