Tether celebrates ‘profits’ but market manipulation lawsuit won’t go away
Tether recently issued its latest attestation report on the reserve assets allegedly backing up the over $113 billion in circulating USDT tokens as of June 30.
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Tether claims record $2.85 billion profit in Q4, still can’t afford an audit
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.
Cantor CEO says he’s got Tether’s T-bills, so where’s the audit?
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 claims no more commercial paper in stablecoin reserves
Tether has issued a blog post in which the integrity-challenged firm claimed that as of October 12, it had "eliminated commercial paper from its reserves," replacing them with T-Bills.