Tether To Publish Reserve Data In Real-Time: Report
Portfolio Pulse from Murtuza Merchant
Tether Holdings, the entity behind the stablecoin Tether (CRYPTO: USDT), plans to publish reserve data in real-time in 2024, according to Paolo Ardoino, the company's soon-to-be CEO. Currently, Tether updates its reserve data daily and provides monthly and quarterly reserve reports. Despite market challenges in 2023, Tether reported a 5.7% growth in assets to $86.5 billion and an operational profit exceeding $1 billion, a 30% increase from the previous quarter.
October 20, 2023 | 8:17 pm
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Tether's decision to publish reserve data in real-time in 2024 could increase transparency and trust in the stablecoin. The company's strong performance in Q2 2023, with a 5.7% growth in assets and a 30% increase in operational profit, could also positively impact its value.
Tether's decision to publish reserve data in real-time could increase transparency and trust in the stablecoin, potentially attracting more investors and boosting its value. The company's strong performance in Q2 2023, with a 5.7% growth in assets and a 30% increase in operational profit, indicates a healthy financial status, which could also positively impact its value.
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