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3232FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth
https://www.digit.info/fdusd-climbs-the-stablecoin-ladder-fueled-by-trading-volume-and-supply-growth/
Fri, 08 Mar 2024 14:30:08 +0000https://www.digit.info/2024/03/08/fdusd-climbs-the-stablecoin-ladder-fueled-by-trading-volume-and-supply-growth/Read more]]>Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in terms of 24-hour global trading volume. FDUSD Claims Fourth Spot Among Stablecoin Titans In the realm of U.S. dollar-pegged cryptocurrencies, […]
]]>Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero
https://www.digit.info/stablecoin-issuer-tether-fulfills-promise-by-reducing-commercial-paper-holdings-down-to-zero/
Thu, 13 Oct 2022 22:30:52 +0000https://www.digit.info/2022/10/13/stablecoin-issuer-tether-fulfills-promise-by-reducing-commercial-paper-holdings-down-to-zero/Read more]]>On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a while now, and Tether says that shrinking commercial paper holdings down to zero “demonstrates Tether’s commitment to backing its tokens with the […]
]]>Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves
https://www.digit.info/tether-cto-says-us-treasury-notes-account-for-more-than-58-of-usdts-reserves/
Mon, 03 Oct 2022 20:30:35 +0000https://www.digit.info/2022/10/03/tether-cto-says-us-treasury-notes-account-for-more-than-58-of-usdts-reserves/Read more]]>On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly attestation, which had shown a decrease in commercial paper holdings. Tether’s Commercial Paper Holdings Shrank […]
]]>Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper
https://www.digit.info/tether-hires-bdo-italia-for-monthly-assurance-reports-usdts-quarterly-attestation-shows-a-58-decrease-in-commercial-paper/
Sat, 20 Aug 2022 18:30:58 +0000https://www.digit.info/2022/08/20/tether-hires-bdo-italia-for-monthly-assurance-reports-usdts-quarterly-attestation-shows-a-58-decrease-in-commercial-paper/Read more]]>This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer’s reserves. The following day, Tether published its quarterly assurance opinion completed […]
Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in terms of 24-hour global trading volume. FDUSD Claims Fourth Spot Among Stablecoin Titans In the realm of U.S. dollar-pegged cryptocurrencies, […]
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On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a while now, and Tether says that shrinking commercial paper holdings down to zero “demonstrates Tether’s commitment to backing its tokens with the […]
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly attestation, which had shown a decrease in commercial paper holdings. Tether’s Commercial Paper Holdings Shrank […]
This week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer’s reserves. The following day, Tether published its quarterly assurance opinion completed […]