Bitcoin24h $109,136.27+2.15%

Ethereum24h $3,997.06+2.85%

BNB24h $1,121.97+2.26%

XRP24h $2.41+1.96%

Solana24h $189.54+1.96%

TRON24h $0.3206+1.95%

Dogecoin24h $0.1970+4.28%

Cardano24h $0.6605+4.03%

Hyperliquid24h $38.35+6.37%

Chainlink24h $17.50+4.02%

Is Howard Lutnick fundraising for Tether?

According to Swan Bitcoin CEO Cory Klippsten, Howard Lutnick has been personally assisting Tether with a multi-billion dollar fundraise.

If Tether has $105B in its reserves, why is it raising cash?

According to Bloomberg, Tether is in negotiations with investors to raise funds in exchange for a 3% stake in Tether Holdings SA.

Justin Sun has taken to X to defend HTX’s reserves, however, a close review reveals HTX is lending 92% of its USDT on Aave.

Tether will terminate redemptions and freeze most USDT tokens using the Bitcoin ledger on September 1 as it terminates Omni support.

Tether, the world’s largest stablecoin company, has continued to grow its secured loans business even after promising to eliminate it.