Bitcoin24h $94,387.99-1.27%

Ethereum24h $1,796.40-0.63%

XRP24h $2.20-0.88%

BNB24h $606.74-0.19%

Solana24h $148.90-3.60%

Dogecoin24h $0.1824-1.66%

Cardano24h $0.7100-2.07%

TRON24h $0.2510+2.75%

Sui24h $3.45-7.27%

Chainlink24h $14.86-2.99%

Turns out this tiny Bahamas bank is holding some of Tether’s reserves

Tether is usually extremely tight-lipped about where it keeps its assets, but it appears the company holds some funds in the tiny Capital Union bank.

Paolo Ardoino clashes with hedge funder over shady Tether disclosure

Tether CTO Paolo Ardoino says existing regulations mean the company does not need to release full disclosure of its assets.

After the collapse of Do Kwon’s “20% APY” Anchor protocol, attention is turning to those who did business with Kwon. Step forward Celsius.

Fir Tree, which manages $4 billion in assets, reckons Tether is backed by watery Chinese commercial paper tied to troubled real estate plays.

This is Tether’s timeline in full, starting in 1996 when its now chief financial officer was caught selling fake Microsoft software licenses.