Official announcements or press releases from U.S. government agencies such as the SEC or DOJ

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.