Tether plans new US dollar stablecoin as reserves near $120B amid Washington lobbying
Q1 2025 audit shows excess reserves down to $5.6 billion from $7 billion. Tether’s reserves are managed by Cantor Fitzgerald, raising scrutiny over potential conflicts. Competitor World Liberty Financial, backed by the Trump family, also plans to launch a stablecoin. Tether, the world’s largest stablecoin issuer by market capitalisation, is preparing to launch a US-based […]
Tether plans new US dollar stablecoin as reserves near $120B amid Washington lobbying Read More »