Features News Official TheBitTimes.com

Tether, the issuer of the USDT stablecoin, has released its Q3, 2023 attestation report. It shows the company’s cash and cash equivalents increased to 85.7% of reserves, with $72.6 billion in US T-Bills. Tether holds $1.7 billion in BTC and $3.1 billion in gold. Tether has released its attestation report for Q3, 2023 that shows the USDT stablecoin issuer’s cash and cash equivalent reserves have risen to its highest ever percentage share of total reserves. Per the report published Tuesday, cash and cash equivalents stood at 85.7% as of September 30 this year. Of this, the largest percentage was in US T-Bills at $72.6 billion – which were in both direct and indirect exposure. Tether also reported a significant reduction in its secured loans, with this at more than $330 million. “We’ve achieved the highest ever percentage of our reserves held in Cash and Cash Equivalents, signaling our dedication to maintaining liquidity and st...

The number of Portuguese people investing in crypto currencies like bitcoin and ethereum has been gradually increasing, reaching around 268,000 individuals recently, according to Triple-A, a digital currency payment facilitator. However, compared to the global population, the interest of the Portuguese public in crypto investments is only half as strong. Crypto assets have gained much attention worldwide, with over 420 million crypto investors. Triple-A’s data shows that more Portuguese people would benefit from crypto currency investments if they had access to such opportunities. When looking at the percentage of the population holding crypto assets, the United Arab Emirates stands out, with 27.67% of its people engaged in crypto holdings. In terms of absolute numbers, India has the highest number of crypto adopters, with 103 million individuals, accounting for 7.10% of its population. China follows with 58 million investors (4.08% of the population), and the United States...