您现在的位置是:Tether plans to start publishing real >>正文
Tether plans to start publishing real
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛94975人已围观
简介Tether is planning to introduce real-time reserve data reporting by 2024.Tether currently updates it...
- Tether is planning to introduce real-time reserve data reporting by 2024.
- Tether currently updates its reserve data daily and issues monthly and quarterly reports,
- According to its Q2 attestation Tether reserves had an excess of $3.3 billion.
Tether Holdings, the issuer of the world’s largest stablecoin, Tether (USDT), is gearing up to enhance the transparency of its operations by updating the frequency of releasing reserve data reports.
According to Paolo Ardoino, Tether’s Chief Technical Officer and the upcoming CEO, the company is planning to initiate real-time publication of reserve data by the year 2024.
Transparency of Tether’s reserves
The move comes in response to ongoing concerns about the transparency of Tether’s reserves, which is essential for maintaining trust in the stablecoin. Currently, Tether publishes and updates its reserve data at least once a day. In addition to daily updates, the company also issues monthly reserve reports and quarterly reserve reviews.
In Tether’s latest Q2 attestation, performed by accounting firm BDO, it was revealed that the company had bolstered its excess reserves by $850 million, bringing the total excess reserves to a substantial $3.3 billion. Furthermore, the report disclosed that Tether had approximately $72 billion worth of indirect exposure to United States Treasuries held by money market funds, with US Treasuries collateralizing its overnight repurchase agreements.
Real-time reserve reporting
This commitment to real-time reporting is a significant step toward ensuring the stability and reliability of Tether in the cryptocurrency market. The move will provide users and investors with immediate and up-to-date information on the assets underpinning the stablecoin, thereby addressing previous criticisms and increasing credibility.
Tether’s efforts to enhance transparency align with the broader objectives of creating a trustworthy environment for stablecoin users and investors.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/21353.html
相关文章
EOS declines 7% as bears take control
Tether plans to start publishing realDownward pressure could see EOS erase all gains made when it raced to a 52-week high of $14.88The EO...
阅读更多
Bitcoin falls below $30k support level
Tether plans to start publishing realBitcoin has experienced some sell-off over the past few hours and has slipped below the $30k mark fo...
阅读更多
POLKADOT (DOT) traded at the $18.88 (support turn resistance level)
Tether plans to start publishing realPolkadot prices rose early in the trading day, breaking over the $18.51 barrier level.Price movement...
阅读更多
热门文章
- This new seaplane will transform heavy
- Hashstack launches secure under
- JAXA's SLIM moon lander is the most accurate lunar lander ever
- LINK, GRT and WAVES are the best Solana Ecosystem tokens you can buy on January 27, 2022
- Solar panels shade carrots, beetroot, saffron in a US farm experiment
- Cardano vs Avalanche: Why does AVAX has an edge over ADA?
最新文章
Cardano (ADA) rallies more than 20% in 10 days
Volt Inu (VOLT) tanks by nearly 35% barely hours after listing on Hotbit
Massively undervalued Web 3.0 cryptocurrencies to buy now
Binance and the Hermitage partner to issue art NFTs
QiDAO halts its bridge after suffering a $13 million exploit
Where to buy FOX Token: ShapeShift’s token is up 178%