WSJ revealed that four people hold about 86% of #Tether's shares

Italian citizen and former plastic surgeon Devasini holds 43%, CEO Jean-Louis van der Veld and legal adviser Stuart Hoegner each hold 15%, Christopher Harborne, a businessman of British and Thailand, owns about 13%.

The Tron community passed a gov proposal that increased the cost of sending tokens like USDT #Tether.

Transaction fee was 6 TRX, After the update it’s 13 TRX minimum onchain.

Exchanges might rise withdrawal fees further beyond onchain fees.

#Tether nears 50% of stablecoin market, highest in 14 months

#Tether Chief Technology Officer Paolo Ardoyno tweeted today that the company's Q1 earnings exceeded $700M.

#Tether now the seventh-largest #Bitcoin holder.

Tether recently committed 15% of its net profit to Bitcoin investments. On March 31, 2024, Tether acquired an additional 8,888 BTC at $30,305 each bringing unrealized profit to $2.94B.