Tether Reveals $100 Billion in Treasury Bonds and Significant Bitcoin Holdings Amid Investigations
Tether has garnered attention by disclosing its reserves for the first time in early 2023, revealing that gold comprises a larger portion than Bitcoin.
There remains curiosity about the exact amount of Bitcoin held by Tether, which has continued to announce its asset reserves.
Recently, at the PlanB event in Lugano, Switzerland, Tether’s CEO, Paolo Ardoino, clarified that the company possesses approximately $100 billion in U.S. Treasury bonds and over 82,000 Bitcoins. Additionally, he mentioned Tether’s gold holdings amount to $3.87 billion, alongside $5.5 billion in Bitcoin.
These revelations have sparked concerns regarding the stablecoin’s ability to support the market, leading some to question if it can fully meet expectations. In response to these concerns, Ardoino emphasized Tether’s substantial holdings of U.S. Treasury bonds in a post on X.
READ MORE: American University Discloses Major Bitcoin Investment in Recent SEC Filing
His statements follow claims from the Wall Street Journal that U.S. authorities are investigating Tether for potential violations of money laundering laws and sanctions. Ardoino firmly denied these allegations, asserting that there is no indication of an ongoing investigation into Tether.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
