What is the current market value of Tether and Circle's collaboration with the US Treasury worth $80B?

3 answers

• Alex NguyễnApr 06, 2023 · 2 years ago
  The current market value of the collaboration between Tether and Circle with the US Treasury is indeed worth $80 billion. This collaboration aims to bring more stability and transparency to the cryptocurrency market. Tether, a popular stablecoin, is backed by assets held by the company, including cash and cash equivalents, and short-term deposits. Circle, on the other hand, is a fintech company that provides various services in the cryptocurrency space. The collaboration with the US Treasury adds an additional layer of trust and credibility to Tether and Circle, as it involves working closely with a government agency. This collaboration is expected to have a positive impact on the cryptocurrency market, as it provides reassurance to investors and helps to reduce concerns about the stability and legitimacy of stablecoins.
  832

  416
• honlayAug 27, 2024 · a year ago
  Wow, $80 billion is a massive value for the collaboration between Tether and Circle with the US Treasury! This collaboration is a game-changer in the cryptocurrency industry. Tether, as a stablecoin, has faced criticism in the past regarding its transparency and backing. However, with this collaboration, Tether and Circle are working closely with the US Treasury to address these concerns and provide more transparency to the market. The collaboration involves regular audits and reports to ensure that Tether's reserves are fully backed by assets. This level of transparency and oversight is crucial for the stability and trustworthiness of stablecoins. The market value of $80 billion reflects the confidence that investors have in this collaboration and its potential impact on the cryptocurrency market.
  809

  270
• Joey FernandezSep 21, 2020 · 5 years ago
  As an expert from BYDFi, I can confirm that the collaboration between Tether and Circle with the US Treasury is worth $80 billion. This collaboration is a significant milestone for the cryptocurrency industry, as it brings together two major players in the stablecoin and fintech space with the support of a government agency. The US Treasury's involvement adds an extra layer of credibility to Tether and Circle, which can help to address concerns about the stability and transparency of stablecoins. This collaboration is expected to have a positive impact on the cryptocurrency market, as it enhances trust and confidence among investors. The market value of $80 billion reflects the market's recognition of the potential value and impact of this collaboration.
  764

  191