Inside Tether’s Vaults: 82,000 Bitcoin And 48 Tons Of Gold Safeguard USDT

Tether’s USDT is the world’s largest stablecoin, with a market cap nearing $100 billion. However, like many top blockchain projects, Tether has been the subject of many questions and inquiries. And for Tether, most of the questions swirl around its reserves, which serve as its primary selling point. Related Reading: Gensler Called ‘Worst Public Servant’ […]

Oct 28, 2024 - 13:00

Inside Tether’s Vaults: 82,000 Bitcoin And 48 Tons Of Gold Safeguard USDT

Tether’s USDT is the world’s largest stablecoin, with a market cap nearing $100 billion. However, like many top blockchain projects, Tether has been the subject of many questions and inquiries. And for Tether, most of the questions swirl around its reserves, which serve as its primary selling point.

Acknowledging these concerns, Tether’s CEO Paolo Ardoino finally broke the ice and disclosed that the company boasts more than 82,000 Bitcoins and 48 tons of gold to back its USDT in circulation. Ardoino shared this information on a Twitter/X post dated October 27th, 2024, in response to many questions about the company’s USDT reserves.