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TEXXR

Chronicles

The story behind the story

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Paolo Ardoino says Tether now holds ~140 tons of gold, worth ~$23B, has been buying one to two tons per week, and plans to keep doing so for the next few months

There are roughly 370,000 nuclear bunkers in Switzerland, a legacy of the Cold War that are now rarely used.  One of them, though, is a hive of activity.

Bloomberg Jack Ryan

Discussion

  • @arashmassoudi Arash Massoudi on x
    The value of Tether's gold holdings has soared by more than $5bn as the world's biggest stablecoin company benefits from the precious metal's record-breaking rally. Tether held about 116 tonnes of gold at the end of September. ⁦@nikasgari⁩ https://www.ft.com/...
  • @tether @tether on x
    Tether Announces the Launch of USA₮, the Federally Regulated, Dollar-Backed Stablecoin, Made in America 🇺🇲🚀 Read more: https://tether.io/...
  • @anchorage @anchorage on x
    Anchorage Digital and @tether are proud to bring you USA₮, a federally regulated, dollar-backed stablecoin. Made in the U.S. 🇺🇸 [video]
  • @bohines Bo Hines on x
    The wait is over, the new era of finance begins! USA₮🇺🇸
  • @milkroad @milkroad on x
    Some are confused about Tether's new $USAT stablecoin, and why it matters when $USDT already exists. Here's the long and short of it... At its core, $USAT is Tether's “clean” American version of $USDT, built specifically to play nice with U.S. regulators. Think of it like this: […
  • @usat @usat on x
    Are you ready? USA₮ is now live. 🚀 The digital dollar that moves at internet speed. Always 1:1. Instant. Borderless. #USAt #Tether [video]
  • @kris @kris on x
    Congratulations on the launch of USAT @paoloardoino 🤝 Now available on https://crypto.com/ 🔥
  • @falconxglobal @falconxglobal on x
    Institutional liquidity meets U.S.-regulated stablecoins. “FalconX is proud to support the launch of USAT, a dollar-backed stablecoin designed to operate within the U.S.-regulated framework established under the GENIUS Act,” said @JoshBarkhordar, Head of Sales. “As @tether
  • @mattiascaricato @mattiascaricato on x
    At @anchorage we just launched @tether's new stablecoin $USA₮. if u wanna work building the most critical financial infrastructure, we are looking for the best engineers out here. If that's you, apply here: https://jobs.lever.co/...
  • @paoloardoino Paolo Ardoino on x
    USAT, digital dollar, made in USA 🇺🇸
  • @hadron_tether @hadron_tether on x
    Congratulations on the launch of $USAT! @USAT 🇺🇸 Hadron by @Tether is proud to provide the technology platform that powers the entire issuance and redemption lifecycle for the new domestic digital dollar. Building the infrastructure for the future of finance. 🏗️
  • @marypcbuk Mary Branscombe on bluesky
    when your CEO goes to dinner at the White House, you're probably pretty confident those ongoing money laundering investigations are never going to amount to anything; why not have another go at the US, after all if Binance execs can get a pardon...  [embedded post]
  • @jessefelder Jesse Felder on bluesky
    “We are soon becoming basically one of the biggest, let's say, gold central banks in the world.” www.bloomberg.com/news/article...