Tether CEO Details Reserves Backing USDT, Dismisses DoJ Probe Claims
Tether CEO Paolo Ardoino has provided a breakdown of the company’s reserves following a report from the Wall Street Journal (WSJ) that said the stablecoin issuer was under investigation by the US Department of Justice (DoJ). Speaking at Lugano’s PlanB event in Switzerland, Ardoino said Tether holds $100 billion in US Treasuries, over 82,00 Bitcoin and 48 tons of gold for its USDT reserves. Tether CEO Says WSJ Article Is “Regurgitating Old Noise” The Tether CEO’s appearance follows an Oct. 25 article by the WSJ, which claimed the company was under investigation by the DoJ for allegedly violating anti-money-laundering laws and US sanctions. As we told to WSJ there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop. — Paolo Ardoino 🤖🍐 (@paoloardoino) October 25, 2024 Ardoino responded to the publication in an Oct. 25 post on X, stating that the company has told the WSJ that ...