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Tether
2026-08-14 22:41:15

Tether CEO shrugs off criticism after first full KPMG audit, says company has already proved itself

Tether CEO Paolo Ardoino pushed back on continued criticism of the stablecoin issuer after KPMG U.S. completed the company’s first full financial audit, saying some detractors still refuse to admit they were wrong about Tether. In an interview with The Block, Ardoino said he does not care about that criticism and argued the company has repeatedly shown it can withstand pressure. As an example, he pointed to 2022, when Tether processed $7 billion in redemptions over 48 hours, or about 10% of its reserves at the time, without pausing redemptions. Ardoino said many traditional financial institutions would struggle to handle withdrawals of similar size in such a short period. He also said criticism is not necessarily negative because it can make Tether better and stronger. Even if some critics see the company as a villain, Ardoino said he does not mind as long as Tether can keep serving what he described as 650 million users who rely on USDT, particularly in emerging markets. According to people familiar with the matter, Tether, as a private company, will not publicly release its audited financial statements. The company plans to conduct a full audit once a year going forward while continuing to publish quarterly attestations.

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Tether CEO shrugs off criticism after first full KPMG audit, says company has already proved itself
X
2026-08-14 02:42:51

X Open-Sources Code Influencing For You Timeline Visibility, Launches Label Transparency Tool

X Open Source has announced that it will open-source the code that influences post visibility on the "For You" timeline, alongside the launch of a new label transparency tool. According to a post from the X Open Source account, the open-sourced content includes the post ranking and filtering logic, as well as content labels that can affect visibility. The accompanying tool supports users in checking whether an account or post has been subjected to visibility-restricting labels. Eligible users — defined as those who have posted at least 10 times in the past month — can access a new page called "Under the Hood" to view the current month's labels and download the related data. The feature is currently being offered as a pilot to a randomly selected group of qualified users whose accounts have been active for at least one year. While the code is being made public, the transparency tool itself is only available to a limited set of users during the pilot phase. Further details about the selection process and a broader rollout were not disclosed in the announcement.

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X Open-Sources Code Influencing For You Timeline Visibility, Launches Label Transparency Tool
Huobi HTX
2026-08-07 09:23:32

Huobi HTX Releases August Merkle Tree Proof of Reserves; Main Asset Ratios Stay Above 100%

Huobi HTX has released its August Merkle Tree proof of reserves (PoR) report, showing reserve ratios at or above 100% for all major assets as of Aug 1, 2026 (UTC+8). BTC holds a ratio of 103%, ETH and DOGE both stand at 100%, while TRX leads at 106%. USDs sits at 103%, and HTX, XRP, and SOL each stand at 102%. The exchange reiterated its commitment to 100% redemption, allowing users to trade and withdraw at any time. This marks the 46th consecutive month of PoR disclosure, a track record the exchange says improves transparency in a long-term, verifiable manner. Huobi HTX also reaffirmed its 1:1 reserve principle, combining verifiable data, on-chain traceable assets, and routine disclosure. The updated figures cover the platform's main supported assets, including BTC, ETH, TRX, USDs, HTX, XRP, DOGE, and SOL. Users can check the full numbers on the official 'Assets - Proof of Reserves Report' page.

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Huobi HTX Releases August Merkle Tree Proof of Reserves; Main Asset Ratios Stay Above 100%