Print
New Order to Produce Reserves Backing : A Routine Discovery Matter In A Meritless Case

The order that was issued yesterday in the case captioned In Re Tether and Bitfinex Crypto Asset Litigation, is a routine discovery order and does not in any way substantiate plaintiffs’ meritless claims.

We had already agreed to produce documents sufficient to establish the reserves backing USDT, and this dispute merely concerned the scope of documents to be produced. As always, we look forward to dispensing with plaintiffs’ baseless lawsuit in due course.

latest news

Tether Freezes Over $1.5 Billion From Binance Hack, Keeping Funds Out of North Korea’s Reach

Funds frozen within 30 minutes of the attack, which the FBI has attributed to North Korea, cutting off a key source of funding for its weapons programme 2 November 2026 – Tether, the largest company in the digital asset industry, froze more than $1.5 billion in USD₮ within 30 minutes of the 29 October Binance […]

Learn more
Tether Generates $1.5 Billion in Q3 Net Operating Profit as Reserve Buffer Doubles to Almost $8 Billion

Tether International, S.A. de C.V., today published its attestation for the third quarter of 2026, prepared by BDO, a top-five global independent accounting firm. The report covers the Company’s Financial Figures and Reserves Report as of September 30, 2026, including the composition of the reserves backing USD₮. USD₮ issuance held broadly steady at $184 billion […]

Learn more
Tether and Industry Collaborators Launch FASE Foundation to Fight Scams, Support Trafficking Survivors, and Pilot Stablecoin Aid in Vulnerable Communities

Founding stakeholders include Anchorage Digital, Bitfury, Bybit, Chainalysis, Fasanara Capital, Payward (Kraken’s partner company), Opera, Pave Bank, Prosper Global (formerly Mercy Corps), Solana Foundation, and Tether. The United Nations Office on Drugs and Crime (UNODC) will also serve as a strategic partner. The first programs aim to cover youth cybercrime prevention, support human trafficking survivors, […]

Learn more
Read all news