Gate News reported on March 25 that, according to Bloomberg, stablecoin issuer Tether Holdings SA has suspended its previously planned $20 billion fundraising round and is currently awaiting the results of its first comprehensive financial audit, with plans to potentially restart fundraising after the audit results are released. According to informed sources, throughout the fundraising process, potential investors and bankers have been urging Tether to improve financial transparency. However, one informed source indicated that some potential investors remain prepared to support the company before the audit results are announced.

Tether Holdings SA suspends $20 billion financing plan pending results of first comprehensive financial audit. Despite investor demands for increased financial transparency, some remain willing to support the company before the audit. Tether has engaged an accounting firm to conduct the audit.

Tether Holdings SA suspended its planned $20 billion financing round while awaiting results from its first comprehensive financial audit. Potential investors and bankers have been pushing for increased financial transparency, though some investors remain willing to support the company before the audit is completed.

Swiss private bank Banque Syz SA in Geneva has erupted into a generational family split due to major disagreements between founder Eric Syz and his son Marc Syz over cryptocurrency strategy. Marc has departed along with business partner Richard Byworth, planning to advance a dual listing for bitcoin treasury company Future Holdings AG.

Tether Holdings SA has become a major player in the global gold market, holding approximately 140 tons of gold valued at $23 billion, purchasing 1 to 2 tons weekly to establish a stable reserve. The company plans to launch the gold token XAUT, competing in the gold trading market, and increase holdings in mid-sized mining companies.

According to ChainCatcher news and a report from Bloomberg, Swiss precious metals giant MKS PAMP SA is restarting its gold Token project to capitalize on the growing market interest in digital gold. The company had previously attempted to launch a similar digital gold product but ultimately was unsuccessful. The company stated that the increasing demand for gold trading from both encryption investors and institutional funds has prompted it to revive its digital asset project.

According to ChainCatcher news reported by Cointelegraph, Tether Holdings SA announced that it has deployed approximately $1.5 billion in credit lines in the commodity trade financing sector and plans to "significantly expand" this business. The company stated that it will utilize nearly $200 billion in asset reserves to provide loans in USD and its stablecoin USDT, covering commodity transactions such as oil, cotton, and wheat. This move is seen as Tether's strategic transformation from a single stablecoin issuer to a comprehensive platform for "digital assets + trade financing," which may promote further integration of stablecoins with traditional physical assets.