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business15h ago
Key facts: Tether acquires 27 tons of gold; USDT listed on major platforms; man sentenced for $37M laundering
- Tether disclosed a 27-ton gold purchase in 2025 to bolster its USDT reserves, reinforcing backing.
- USDT availability was expanded to major platforms, signaling broader access for users.
- Cantor Fitzgerald serves as reserve custodian for USDT, with Anchorage Digital Bank issuing USDT.
- One defendant, Jingliang Su, faced a nearly four-year prison sentence for laundering illicit digital assets.
- The report links the USDT expansion to increased platform listings and stronger reserve backing.
- The report highlights enforcement actions connected to illicit use of digital assets.
- The institutions involved in USDT’s backing and distribution are named to reassure users and investors.
- USDT has expanded to major trading platforms, broadening its accessibility for traders.
- The news consolidates Tether’s approach to reserve diversification and platform expansion.
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