tokenized assets

Tether's excess reserves were halved during the second quarter, with the stablecoin issuer citing declines in gold and bitcoin prices as the main cause. The figures highlight how exposed the company's reserves are to market swings in the assets backing its tokens, prompting discussion among crypto observers about the strength of its cushion.

Cryptocurrency markets are rallying again, but commentary argues the standout performer this time is not Bitcoin, Ethereum or XRP. The report points to other tokens capturing the bulk of the gains as the broader market recovers, shifting attention away from the largest cryptocurrencies that traditionally lead rallies.