Tether U.S. stablecoin plans set for Q4 as profits hit $5.7B YTD. New token targets institutional use under GENIUS Act with full Treasury backing.

That being said, a lot of speculation around Tether’s fiat reserves continues to linger on; for example, Tether Ltd.’s finances are handled by Bahamas-based Deltec bank.

Tether has announced auditing accounting firm BDO Italia to verify its reserves that supports its USDT stablecoin, the world’s largest stablecoin. Stablecoins are an offshoot of cryptocurrency ...