Tether's USDT, the largest stablecoin globally with a market cap nearing $100 billion, has faced scrutiny over its reserves. CEO Paolo Ardoino revealed that Tether holds over 82,000 Bitcoins and 48 tons of gold to back its USDT. This disclosure came during the Lugano Plan B Event, emphasizing Tether's commitment to transparency. While some praise the diverse reserves, others seek more clarity on the gold holdings. Despite recent speculations and investigations, Tether remains focused on enhancing transparency and combating crypto-related crimes. Additionally, Tether has introduced an AI development kit to enhance privacy and peer-to-peer technology. Ardoino's efforts to address concerns and introduce innovative products showcase Tether's dedication to maintaining a solid foundation for its stablecoin. Read more AI-generated news on: https://app.chaingpt.org/news
Tether's Reserves Disclosure
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