Tag: Tether
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Tether’s First Full Audit Was Clean. The Buffer It Verified Already Fell 50%
Tether got its first full financial-statement audit on August 13, and the opinion was clean. KPMG U.S. found no exceptions in Tether International’s 2025 books. But the $6.8 billion reserve cushion that audit verified had already swung twice by the…
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Does a Bank Charter Make a Stablecoin Safe? What USD1’s Approval Actually Covers
Key Takeaways A trust bank charter governs who is legally accountable for reserves and who can examine them. It does not change what those reserves are invested in. August 14, 2026: the OCC gave World Liberty Trust Company preliminary conditional…
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What Backs Stablecoins Is Not What You Can Redeem
What backs stablecoins, for the largest dollar tokens, is cash and short-dated U.S. Treasury paper held by a custodian bank. That answers the reserve question and only half of what a holder needs. Backing describes what the issuer owns. Redemption…
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Tether Q2 Earnings: Profit Up, Reserve Buffer Cut in Half
Tether’s Q2 2026 earnings landed on July 31 with two numbers that pull in opposite directions. Net operating profit came in at $1.5 billion. At the same time, the excess reserve buffer backing every USDT in circulation was cut roughly…
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Bitcoin’s Jobs-Data Rally Reveals a Deeper Dependency
I noticed something familiar in today’s price action: a soft labor report, and bitcoin moves almost on cue.