Tether is reportedly working with a Big Four accounting firm to conduct an audit of its reserves and confirm that each token is backed 1:1 with assets. The post Tether Collaborates with Big Four Auditor to Verify 1:1 Backing for USDT Stablecoin appeared first on Cryptonews.

Stablecoin issuer Tether is reportedly in talks with a Big Four accounting firm to audit its assets reserves and verify that its USDT (USDT) stablecoin is backed at a 1:1 ratio.Tether CEO Paolo Ardoino reportedly said the audit process would be more straightforward under pro-crypto US President Donald Trump. It comes after rising industry concerns over a potential FTX-style liquidity crisis for Tether due to its lack of third-party audits.

Stablecoin issuer Tether is reportedly engaging with a Big Four accounting firm to audit its assets reserve and verify that its USDT (USDT) stablecoin is backed at a 1:1 ratio.Tether CEO Paolo Ardoino reportedly said the audit process would be more straightforward under pro-crypto US President Donald Trump. It comes after rising industry concerns over a potential FTX-style liquidity crisis for Tether due to its lack of third-party audits.

Bitcoin analysts remained bearish as charts signalled more pain ahead.

Toncoin (TON) has been steadily climbing since facing a rebound at $2.36, reinforcing a bullish outlook and reflecting increasing investor confidence. Unlike volatile price swings seen in other assets, TON's consistent rise signals strong underlying demand and market stability.

Recent reports claim that Tether CEO Paolo Ardoino is in talks with the Big Four accounting firms to finally conduct a third-party audit. However, some members of the community are skeptical, citing a lack of firm commitments.

A day ago, several reports claimed that TON had secured $400M in funding from elite VCs, sparking a potential strategic pivot in the L1 race. Various accounts on X, formerly Twitter, shared the news after misunderstanding a previous post by the TON Foundation X account.

Tether is finally doing the thing it kept saying it would do for years—getting a real audit. CEO Paolo Ardoino confirmed the company is “engaging with a Big Four accounting firm,” though he didn't say which one or when the audit would happen.

The growth of dApps on TON blockchain could serve as precedent toa potential price hike for the L1 altcoin.

Tether is reportedly looking to tap a Big Four auditor for its U.S. dollar pegged stablecoin's reserves.

Critics have raised questions about the stablecoin giant for not being independently audited.

The crypto market is showing signs of strength as major assets regain momentum. With Bitcoin (BTC) stabilizing near $84,000, investors are shifting their focus to altcoins that have the potential for significant growth. Among them, Toncoin (TON) has surged by 32% in the past week, leading many to believe that it could push even higher.

Tether's CEO Paolo Ardoino shared a post on X yesterday that Tether was the seventh-largest buyer of US Treasuries in 2024. The company accumulated $33.1B worth of US Treasury securities last year, outranking countries like Canada, Mexico, and Germany.

Bitcoin's (BTC) recovery continues to face selling at higher levels, indicating that the bears have not given up. Trading resource Material Indicators said in a post on X that “Spoofy the Whale” has been suppressing Bitcoin's price below $87,500.Although the upside is currently restricted, select analysts believe that the downside is limited.

Tether, the creator of the world's largest stablecoin, is "engaging with a Big Four accounting firm" as it pushes for a long-awaited audit of its reserves, an effort CEO Paolo Ardoino said will be easier under U.S. President Donald Trump.

The monthlong consolidation in the crypto industry is on again, with Toncoin (TON) showing a rare growth trend. Per market data, TON has successfully decoupled from Bitcoin over the trailing seven-day period while maintaining its status as the best-performing altcoin in the top 20.

The TON Foundation has secured over $400 million from major venture capital firms, reflecting growing investor confidence in the TON blockchain.

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Toncoin in greater detail. Ethereum (ETH) For the first time in over three weeks, Ethereum closes the past seven days in green with almost a 4% gain.

Tether purchased $33.1 billion in U.S. Treasuries in 2024, becoming the seventh largest foreign buyer and outpacing several nations while its stablecoin market cap reached $143 billion.

Tether, the issuer of USDT, ranked as the seventh-largest buyer of U.S. Treasury securities in 2024. According to a Mar. 20 post on X by Tether chief executive officer Paolo Ardoino, Tether (USDT) purchased a net $33.1 billion in U.

Tether surpasses Canada and becomes the 7th largest buyer of US Treasury bonds. What are the implications for the crypto market?

Tether surprised the market by announcing that it purchased over $33 billion in Treasury bonds last year. This makes Tether the seventh-largest buyer of US bonds, ahead of countries like Canada, Mexico, and Germany.

Several venture capital firms have invested over $400 million in Toncoin, the native cryptocurrency of the TON blockchain.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The firm said it purchased a net $33.1 billion worth of U.S. Treasury securities last year,

The TON Foundation will tap a group of Tier 1 VC backers, to raise another $400M in a token-based deal, with additional TON sales.

The Open Network Foundation, also known as TON Foundation, has raised more than $400 million in token-based investments from several venture capital firms, signaling growing interest in the Telegram messaging ecosystem. Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere and Karatage participated in the investment by purchasing Toncoin (TON), the native cryptocurrency of The Open Network.

Update (March 20 at 4:41 PM UTC): This article has been updated to clarify that the token sale was not directed at the TON Foundation. The Open Network Foundation, also known as TON Foundation, said several venture capital firms invested more than $400 million in the TON blockchain, signaling growing interest in the Telegram messaging ecosystem.

Investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, CoinFund, according to a press release.

Stablecoins are rapidly evolving beyond their original role as digital cash substitutes, with a new generation of yield-bearing and revenue-sharing models reshaping how these assets are used in financial ecosystems, according to a report. What Happened: The report, by Foresight Ventures, explores how these innovations may soon position stablecoins as a distinct financial asset class, unlocking new forms of passive income and challenging legacy banking models.

TON Foundation successfully closed more than $400 million in token-based funding from some of the most reputable venture capital firms. According to a March 20 press release sent to crypto.news, investors include Sequoia Capital, Ribbit, Paradigm, Benchmark, and Kingsway.

The TON Foundation said a group of VCs including Sequoia Capital, Ribbit, Benchmark and Kingsway invested over $400 million buying Toncoin.

Tether accumulates over 33 billion dollars in US bonds

Tether's financial transparency and large US debt purchases make headlines.

This investment surpassed several countries and secured its place among institutional giants. This significant move into U.S. debt markets from Tether underscores the growing influence of crypto firms in traditional finance.

Tether, the $143 billion stablecoin giant, was the world's seventh-largest buyer of United States Treasurys, surpassing some of the world's largest countries.Tether, the issuer of USDt (USDT), the world's largest stablecoin, was the world's seventh-largest US treasury buyer, surpassing Canada, Taiwan, Mexico, Norway, Hong Kong, and numerous other countries. The stablecoin issuer acquired over $33.1 billion worth of treasuries, compared to over $100 billion purchased by the Cayman Island in the first place in global rankings, according to Paolo Ardoino, the CEO of Tether.

The Solana price is struggling to maintain momentum despite celebrating its fifth anniversary, as SOL battles market-wide declines and issues surrounding meme coin scams. Meanwhile, Toncoin (TON) is making waves, surging 36% after major news surrounding its founder.

TON Space users can now pay gas fees using Telegram Stars, further deepening the integration between the popular messaging app and The Open Network (TON).

Ethereum continues to dominate the stablecoin market, with USDC and USDT accounting for the majority of the $850 billion in transaction volume recorded last month.

Binance's USDT/TRY trading pair saw its highest volatility since April 2024 after Istanbul Mayor Ekrem Imamoglu, a key rival to President Tayyip Erdogan, was arrested.

According to Whale Alert, an on-chain data tracking service, the Tether treasury transferred 1 billion USDT to HTX after minting 1 billion USDT on the Tron network.

Following Pavel Durov's permitted leave for Dubai, Toncoin has been faring quite well.

Bitcoin (BTC) has been clinging to the 200-day simple moving average ($84,359), which suggests that the bulls have kept up the pressure. That improves the prospects of an upside breakout, signaling the corrective phase may be ending.

Toncoin: the only cryptocurrency for payments on Telegram

The repost of the photo and the legends of the bianconera team.

It is not every day you see a billion dollars on the move, especially in the form of USDT, but here we are - 1,000,000,000 USDT, to be exact, freshly minted and sent from the Tether Treasury to HTX, the major Asian crypto exchange formerly known as Huobi.

On-chain data showed that Ethereum hosted $35 billion in USDC stablecoins and $67 billion in USDT.

As speculative assets face significant headwinds, Ethereum's stablecoin ecosystem continues to demonstrate resilience and utility.