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Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN
Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN
Authored by Nate Kostar via CoinTelegraph.com,
Stablecoin issuer Tether (USDT) reported $1.04 billion in net profit for the first quarter of 2026, as its excess reserves rose to a record $8.23 billion, according to its latest attestation on Friday.
The company said its reserves remain heavily concentrated in US Treasuries, with around $141 billion in direct and indirect exposure, while total assets of about $191.8 billion exceeded liabilities of approximately $183.5 billion as of March 31.
Tether said this level of exposure makes it...
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Apr 29, 2026 / Tyler Durden
KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG Ends U.S. Gov't Audit Business After Losing Army Contract
KPMG, one of the Big Four accounting firms, is winding down its federal government audit business after losing a $64 million-a-year U.S. Army audit contract, a major setback as the Department of War under Defense Secretary Pete Hegseth moves to bring in another accounting firm.
According to the Financial Times, the Army's shift to a new auditor comes as pressure intensifies on Hegseth to gain control of the DoW's finances after nearly a decade of failed independent audits.
The DoW, which oversees...
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Jul 10, 2026 / Tyler Durden
Guns Fall Silent As Trump Says US-Iran Talks On Again, But Insists 'In No Uncertain Terms, Ceasefire Is OVER'
Guns Fall Silent As Trump Says US-Iran Talks On Again, But Insists 'In No Uncertain Terms, Ceasefire Is OVER'
The guns have actually been silent in the Middle East overnight, after two days of deadly strikes between the United States and Iran, amid a general return to premarket open headlines of 'peace imminent again' as mediators desperately work to get diplomacy back on track. The White House position is that the ceasefire is over but that Washington has agreed to reengage Tehran in mediated talks.
Trump indicates US has agreed to Iran...
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Apr 21, 2026 / Tyler Durden
The Latest AI Developments In 60 Seconds
The Latest AI Developments In 60 Seconds
As the tempo of AI newsflow approached the frenzied rollercoaster pace of geopolitical headlines during the biggest oil shock in decades, it's becoming easy to get lost in all the latest developments and drama surrounding OpenAI, Anthropic, Nvidia, government blacklists, the AI circle jerk, sentinent killer robots, and so on...
To help readers keep on top of things, we are launching a brief AI news roundup, which should help you get up to speed in under 60 seconds.
Here are the four main things you...
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