Q1 2025 audit shows excess reserves down to $5.6 billion from $7 billion. Tether’s reserves are managed by Cantor Fitzgerald, raising scrutiny over potential conflicts. Competitor World Liberty Financial, backed by the Trump family, also plans to launch a stablecoin. Tether, the world’s largest stablecoin issuer by market capitalisation, is preparing to launch a US-based stablecoin by the end of 2025 or early 2026. The move marks a shift in the company’s strategy as it aims to align itself more […]