Mmastodon BusinessCrypto first seen 8 d ago, last 8 d ago, peak #1
Tether's Bitcoin holdings exceed its reserve attestation by 50,000 coins
Original: Tether CEO Paolo Ardoino said the company holds about 150,000 Bitcoin worth 11.5B USD, roughly 50,000 coins more than it
Tether CEO Paolo Ardoino said the company holds roughly 150,000 Bitcoin worth about 11.5 billion USD, around 50,000 coins more than its latest quarterly reserve attestation discloses. The attestation lists approximately 100,060 Bitcoin, worth 8.37 billion dollars, leaving about 3.8 billion dollars in Bitcoin apparently unaccounted for. Ardoino did not explain the discrepancy in full, and observers are questioning what the extra holdings mean for the stability coin's reserves.
Why now: The gap between the CEO's claim and the official attestation raises questions about Tether's reserve transparency.
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