Tether's $135 Billion US Treasury Stash Hides A Sinister Secret

Tether’s accumulation of $135 billion in US Treasuries has raised eyebrows, but the stability narrative obscures deeper structural concerns.
- Tether holds approximately 61% of the total stablecoin market, with a market cap around $187 billion and $140 billion in daily trading volume.
- Despite attestations from BDO Italia, Tether faces ongoing criticism regarding the absence of a full, independent audit of its reserves.
- Bitcoin Layer 2 networks have seen their Total Value Locked (TVL) stabilize above $10 billion, indicating a shift towards DeFi applications.
The $3.29 Billion Freeze: How Tether’s Blacklist Undermines Decentralization
The promise of decentralization in cryptocurrency clashes starkly with the realities of centralized control, and no entity embodies this tension more acutely than Tether. Tether has blacklisted over 7,800 addresses and frozen $3.29 billion USDT across all chains, demonstrating its capacity to censor transactions and control the movement of its stablecoin. This power, wielded by a private entity, directly contradicts the ethos of permissionless finance championed by the crypto community.
By NovumWorld Editorial Team
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