{"id":592203,"date":"2024-10-28T12:21:24","date_gmt":"2024-10-28T12:21:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=592203"},"modified":"2024-10-28T12:21:24","modified_gmt":"2024-10-28T12:21:24","slug":"tether-ceo-details-reserves-backing-usdt-dismisses-doj-probe-claims","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/tether-ceo-details-reserves-backing-usdt-dismisses-doj-probe-claims","title":{"rendered":"Tether CEO Details Reserves Backing USDT, Dismisses DoJ Probe Claims"},"content":{"rendered":"

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).<\/span><\/p>\n

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.<\/span><\/p>\n

\"Bitfinex<\/p>\n

Tether CEO Says WSJ Article Is “Regurgitating Old Noise” <\/span><\/h2>\n

The <\/span>Tether<\/span><\/a> CEO’s appearance follows an Oct. 25 <\/span>article<\/span><\/a> by the WSJ, which claimed the company was under investigation by the DoJ for allegedly violating anti-money-laundering laws and US sanctions.<\/span><\/p>\n

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As we told to WSJ there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop.<\/p>\n

— Paolo Ardoino 🤖🍐 (@paoloardoino) October 25, 2024<\/a><\/p><\/blockquote>\n