Tether: Holds $141B in US Treasuries

Stablecoin powerhouse Tether just revealed it holds more than $141 billion in U.S. Treasuries, a massive stash that's never seen a full audit despite ongoing Tether USDT audit history scrutiny. This comes as the firm reports billion-dollar profits even in a brutal crypto market crash, with reserves heavily tilted toward Treasuries evolving from past compositions that included commercial paper and other assets. Critics hammer the lack of transparency, especially as Bitcoin (BTC) slumps and questions swirl around Tether reserves composition. Traders eye this for broader stablecoin market stability impacts, recalling how past controversies shook confidence without derailing growth.