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Tether Targets U.S. Expansion, Seeks $500 Billion Valuation

Bloomberg said Tether reported over $10 billion in annual profit, held about $193 billion in reserves with 63% in U.S. Treasuries, and is targeting a full audit by the end of 2026 amid compliance scrutiny.

USDT

Summary

Bloomberg reported that Tether posted more than $10 billion in profit last year and held about $193 billion in reserves, with 63% allocated to U.S. Treasuries. The report said the company has launched USAT, a compliant stablecoin in the United States, as part of its U.S. expansion efforts. Tether also aims to complete a full audit by the end of 2026 while facing ongoing scrutiny over compliance and reserve transparency.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a fixed value, typically by being backed by reserves such as cash or government securities.
  • U.S. Treasuries: Debt securities issued by the U.S. government that are often used as reserve assets because of their liquidity and relative safety.
  • Audit: An independent examination of a company’s financial records and reserves to verify the accuracy of its reported holdings and obligations.