David
@dburgos777
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In a nutshell: Tether discloses its reserves which are in 100,000 bitcoins and 50 tons of gold.
You can read this in 30 seconds.
If USDT's stability worries you, keep reading.
Tether, the most profitable beast in the crypto zoo, has confessed in Las Vegas that it's loaded... and then some. Paolo Ardoino, its CEO, revealed that they have over 100,000 bitcoins (around $10 billion) and 50 tons of gold in the vault.
In 2024 alone, they made $13 billion. Basically, neither Binance nor Coinbase (NASDAQ:COIN) can compete with that muscle.
In its Q1 2025 report, Tether detailed that it had $7 billion in BTC and $6 billion in "standard" gold bars. And get this, their bitcoins are valued at around $83,000 each. Although BTC is now around $109,000, so their reserves are worth even more. 2 replies
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