Stablecoin Reserves – DIGIT INFO

Swiss regulator forces crypto-friendly FlowBank into bankruptcy

DIGIT — Fri, 14 Jun 2024 00:06:53 +0000

The Swiss-based bank had ties to the TrueUSD stablecoin issuer, Techteryx, crypto asset manager CoinShares and reportedly Binance.

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Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero

DIGIT — Thu, 13 Oct 2022 22:30:52 +0000

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 […]

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Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves

DIGIT — Mon, 03 Oct 2022 20:30:35 +0000

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 […]

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Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened

DIGIT — Sat, 05 Dec 2020 23:00:27 +0000

Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like bitcoin, ethereum and tether have depleted considerably during the last ten days. Over the years […]

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