Big news in the world of cryptocurrency! Tether, a company that makes a type of digital money called a stablecoin (USDT), hired a new chief financial officer (CFO). This is important because people have been wondering if Tether is being totally transparent about its money. A CFO is like a super-important accountant who makes sure everything is in order.
- Tether hired a new CFO to improve transparency.
- This follows concerns about how Tether manages its money.
- Tether says it has lots of money to back up its stablecoin.
- US government is also thinking about new rules for stablecoins.
| Fact | Number |
|---|---|
| Tether's market value (how much it's worth) | $142 billion |
| Amount of US Treasury bills Tether says it has | $115 billion |
