Circle's CEO said some digital asset firms claim to abide by the govt's AML/CFT standards but do otherwise while warning about "offshore" entities posing a "challenge to U.S. dollar dominance."
Tether noted that it prepared its reserves report "using the recognition and measurement principles" of the IFRS without making sufficient disclosures to actually comply with the IFRS.
Howard Lutnick, the CEO of U.S. trad-fi giant Cantor Fitzgerald, declared himself "a fan" of Tether stablecoin partly because he holds their treasuries, which is over $90 billion now.
Tether CTO Paolo Ardoino declared that Tether's "exposure in" T-bills has hit $72.5 billion, up from a mere $55.8 billion that Tether claimed to possess at the end of June.
