Tether completes first Big Four audit of finances backing $180B USDT stablecoin

·1 views

Tether, the issuer of the world's largest stablecoin USDT, has completed a long-promised full financial audit by a major accounting firm. KPMG U.S. conducted the examination, reviewing Tether's books and physically verifying assets including gold bars. The audit marks a significant milestone for Tether, which has faced years of scrutiny over the reserves backing its $180 billion in circulating USDT tokens. The completion of a Big Four audit is expected to bolster confidence in Tether's financial transparency among regulators and investors.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

High Treasury Yields May Cap Bitcoin's Path to $1 Million, Analysts Warn

Ambitious forecasts predicting bitcoin could reach $1 million may be overly optimistic, according to a key market ratio. The core argument centers on elevated yields offered by long-term U.S. Treasury bonds, which make yield-bearing assets more appealing to investors. Since bitcoin generates no yield, it becomes comparatively less attractive when safe government bonds offer strong returns. This dynamic could limit the cryptocurrency's upside potential, challenging some of the more bullish price targets circulating in the market.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Trezor alerts 14,000 users after partner data breach exposes shipping details

Hardware wallet maker Trezor has issued warnings to approximately 14,000 of its customers following a data breach at a third-party fulfilment partner. The breach resulted in the exposure of customers' shipping addresses, marking the first known instance of such data being compromised for Trezor users. The company notified affected customers directly to make them aware of the potential risk to their personal information. While the breach originated with an external partner rather than Trezor's own systems, the incident highlights the security risks posed by third-party service providers in the crypto hardware space.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Crypto for Advisors: The crypto advice gap

You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

B2C2 hires ex-Schroders Asia chief to expand crypto services for regional wealth clients

Institutional crypto liquidity provider B2C2 has appointed the former chairman of Schroders Wealth Management Asia to a senior role. The hire signals the firm's strategic push into the Asia-Pacific region. B2C2 is specifically targeting family offices and asset managers as its primary client base in the region. The move reflects growing institutional interest in crypto across Asian wealth management sectors.

0 comments Read more at CoinDesk