Big news in the world of cryptocurrency! Tether, a company that makes a special kind of digital money called a stablecoin (imagine a digital dollar!), just hired a new boss for its money matters. This is a really important step because Tether wants to be super transparent and show everyone exactly how much money it has.
- Tether hired a new Chief Financial Officer (CFO) with lots of experience.
- This is to help Tether get a full financial audit. An audit is like a really thorough check-up of all their money.
- Tether has faced questions in the past about how it manages its money.
- Tether holds a HUGE amount of money in US Treasury bills – that's like saving money in a very safe government account!
| Fact | Number |
|---|---|
| Tether's Assets | Over $113 Billion in US Treasury Bills |
| Tether's 2024 Profit | $13 Billion |
