Tether aims to boost transparency by offering real-time reserve data reports by 2024, providing more glimpses into its financial backing...
Tether aims to boost transparency by offering real-time reserve data reports by 2024, providing more glimpses into its financial backing.Tether’s incoming CEO revealed the company is working on a plan to publish reserve data in real-time by 2024, is reportedly planning to enhance the frequency of releasing its reserve data reports.
In another noteworthy development, Tether’s stablecoin lending activity increased in 2023. This was the case even after the company previously announced the cessation of such loans in December 2022.to the Q2 attestation from the accounting firm BDO, Tether significantly bolstered its excess reserves by adding $850 million. The firm thereby raised the total excess reserves to $3.3 billion. Tether also disclosed having an indirect exposure of $72 billion to U.S.