{"id":40547,"date":"2024-10-31T21:04:40","date_gmt":"2024-10-31T21:04:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tether-increases-its-bitcoin-and-gold-holdings-to-4-8b-and-5b-respectively\/"},"modified":"2024-10-31T21:04:40","modified_gmt":"2024-10-31T21:04:40","slug":"tether-increases-its-bitcoin-and-gold-holdings-to-4-8b-and-5b-respectively","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tether-increases-its-bitcoin-and-gold-holdings-to-4-8b-and-5b-respectively\/","title":{"rendered":"Tether increases its Bitcoin and gold holdings to $4.8B and $5B respectively"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1678125128209-13a80976-ce3e-40fa-8b34-c98907574c37-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1678125128209-13a80976-ce3e-40fa-8b34-c98907574c37-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1678125128209-13a80976-ce3e-40fa-8b34-c98907574c37-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1678125128209-13a80976-ce3e-40fa-8b34-c98907574c37-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Tether (USDT) circulation surged to $120B, marking a 30% increase in 2024.<\/li>\n<li>Tether\u2019s Bitcoin and gold holdings increased to $4.8B and $5B, respectively.<\/li>\n<li>Tether\u2019s net equity doubled to $14.2B, while it faces ongoing legal challenges.<\/li>\n<\/ul>\n<p>Tether has announced a substantial increase in its Bitcoin and gold reserves, as detailed in its latest <a href=\"https:\/\/assets.ctfassets.net\/vyse88cgwfbl\/5TKa7xwJVLIAnVBMWb7iTq\/5688216da5194fce27f4a0f2e808a486\/ISAE_3000R_-_Opinion_on_Tether_Consolidated_Financials_Figures_30.09.2024_.pdf\">Q3 2024 Consolidated Financials Figures and Reserves Report<\/a>.<\/p>\n<p>Tether\u2019s Bitcoin holdings have reached an impressive $4.8 billion, while its gold reserves now stand at $5 billion, reflecting the company\u2019s strategy to bolster its asset base amid rising global demand for its stablecoin, USDT.<\/p>\n<h2>Circulation of USDT increases by 30%<\/h2>\n<p>This quarter has been particularly notable for <a href=\"https:\/\/coinjournal.net\/tether\/what-is-tether\/\">Tether<\/a>, as the circulation of USDT has soared to a record $120 billion, marking a 30% increase in 2024.<\/p>\n<p>This surge adds $27.8 billion year-to-date and positions Tether\u2019s market cap close to that of its competitor, Circle\u2019s USDC, which currently stands at $35 billion according to CoinGecko data.<\/p>\n<p>Tether\u2019s growth is indicative of the increasing reliance on stablecoins within the cryptocurrency ecosystem, driven by greater adoption and market confidence.<\/p>\n<h2>Tether expands its US Treasury Bills holdings<\/h2>\n<p>Additionally, Tether has significantly expanded its holdings in US Treasury Bills, which now total $84.5 billion, constituting the largest segment of its reserves. This strategic move has contributed to Tether\u2019s robust financial health, with net equity doubling to $14.2 billion from $7 billion at the end of 2023.<\/p>\n<p>Furthermore, through its subsidiary, Tether Investments Limited, the company manages an additional $7.7 billion in assets across sectors such as sustainable energy, Bitcoin mining, and data infrastructure. However, these assets are not included in the reserves backing Tether tokens.<\/p>\n<p>Despite its growth, Tether is currently navigating three civil litigation proceedings involving its holdings and operations. Notably, these cases include a class action related to <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin\u2019s price<\/a> decline in 2017-2018, a lawsuit stemming from the Celsius bankruptcy, and a dispute over USDT in a non-Tether controlled wallet.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tether-increases-its-bitcoin-and-gold-holdings-to-4-8b-and-5b-respectively\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Tether (USDT) circulation surged to $120B, marking a 30% increase in 2024. Tether\u2019s Bitcoin and gold holdings increased to $4.8B and $5B, respectively. Tether\u2019s net equity doubled to $14.2B, while it faces ongoing legal challenges. Tether has announced a substantial increase [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":40548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40547"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40547"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40548"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}