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Which region's regulators will challenge Tether by end of 2024?
2
Resolution / Starting Odds
U.S. financial regulators • 25%
European financial regulators • 25%
Asian financial regulators • 25%
No significant challenges • 25%
Publicly available legal filings or announcements from financial regulators such as the SEC or CFTC
Story
Tether Reveals $109 Billion Reserves, Including $5.55B in Bitcoin, $3.87B in Gold, Denies U.S. Investigation
Oct 27, 2024, 10:57 PM
Tether Holdings Ltd., the issuer of the USDT stablecoin, has disclosed its reserve assets, revealing substantial holdings in Bitcoin, gold, and U.S. Treasury bonds. CEO Paolo Ardoino announced at the Plan ₿ Forum in Lugano, Switzerland, that the company holds 82,454 Bitcoins valued at approximately $5.55 billion, 48 tons of gold worth $3.87 billion, and $100 billion in U.S. Treasury bonds. Ardoino denied allegations that Tether is under investigation by the U.S. government and accused The Wall Street Journal of spreading false information. He detailed that Tether's total reserves amount to $109 billion, enhancing transparency amid scrutiny over its asset backing.
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Similar markets
Yes • 50%
No • 50%
Stricter regulations imposed • 25%
Looser regulations or exemptions • 25%
No significant regulatory changes • 25%
Other outcomes • 25%
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%
No significant action • 25%
Fines imposed • 25%
Operational restrictions • 25%
License revoked • 25%
Tether • 25%
Circle • 25%
Binance USD • 25%
Other • 25%
Eastern Europe • 25%
Middle East • 25%
Africa • 25%
Other • 25%
No action taken • 25%
Formal investigation announced • 25%
Regulatory fines imposed • 25%
Regulatory changes mandated • 25%
US Regulations • 25%
EU Regulations • 25%
China Regulations • 25%
Other • 25%
United States • 25%
Germany • 25%
China • 25%
Other • 25%