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 <p class="is-style-lead">According to Tether’s new boss, the firm plans to bring the long-awaited update in the coming year.</p>
 <p>Stablecoin issuer Tether is set to <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a> <a rel="noopener noreferrer nofollow" title="publishing" href="https://thebittimes.com/tag/publishing.html">publishing</a> <a rel="noopener noreferrer nofollow" title="real-time" href="https://thebittimes.com/tag/real-time.html">real-time</a> data on its <a rel="noopener noreferrer nofollow" title="reserves" href="https://thebittimes.com/tag/reserves.html">reserves</a>, a question that has been bothering the crypto community for years.</p>
 <p>In an interview with Bloomberg, Paolo Ardoino, Tether’s newly appointed chief executive, said the firm plans to disclose its reserves in 2024. However, no specific date was mentioned.</p>
 <p>Ardoino added that Tether wants to double down on tech investment and is talking with regulators about expanding into the renewable energy business.</p>
 <p>In mid-September 2023, Tether launched the testing phase for Moria, the company’s Bitcoin mining platform based on a system with a peer-to-peer (P2P) approach. As crypto.news reported, Moria is constructed on Tether’s proprietary Holepunch technology to change the communication within the Bitcoin mining ecosystem.</p>
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 <p>Moria is designed to be highly resistant to potential attacks and cost-effective by seeking to facilitate secure and resilient interactions among its components. It is unclear if Tether’s renewable energy efforts are somehow related to its mining business.</p>
 <p>According to Tether’s recent update on its <a rel="noopener noreferrer nofollow" title="reserves" href="https://thebittimes.com/tag/reserves.html">reserves</a>, the firm is holding 85.05% in cash, its equivalents, and other short-term deposits, 6.36% in secured loans, 3.78% in precious metals, 2.73% in other investments, 1.94% in Bitcoin (BTC) and 0.13% in corporate bonds.</p>
 <p>Tether’s push for more transparency comes shortly after the firm named Paolo Ardoino as its new chief executive officer. In this role, Ardoino replaced Jean-Louis van der Velde, who transitioned to an advisory role for Tether.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tether-to-start-publishing-data-on-usdt-reserves-in-real-time-tbt67130.html">https://thebittimes.com/tether-to-start-publishing-data-on-usdt-reserves-in-real-time-tbt67130.html</a></p>

Tether to start publishing data on USDT reserves in real-time

TheBitTimes

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