Tether CEO Reveals Company’s Reserves Amid Alleged DoJ Investigation
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Tether CEO Paolo Ardoino addressed attendees at Lugano’s PlanB event in Switzerland, detailing the company’s reserve assets amid recent allegations of a U.S. Department of Justice and Treasury investigation. Ardoino outlined that Tether holds approximately $100 billion in U.S. Treasuries, around 82,000 Bitcoin (BTC) valued at approximately $5.5 billion, and 48 tons of gold to back its USDt (USDT) stablecoin. His comments were aimed at dispelling the uncertainty sparked by a recent Wall Street Journal article, which alleged that U.S. authorities were investigating Tether for possible anti-money laundering and sanctions violations. Following the publication of the article on Oct. 25,
Source: CryptoIntelligence
