Tether Holdings Limited, the issuer of the world's largest stablecoin, USDT, has released its Q1 2023 Assurance Report, which has been attested to by BDO Italia, a top five-ranked global independent public accounting firm. The report confirms the accuracy of Tether's Consolidated Reserves Report (CRR), which details the assets held by the group as of March 31, 2023. The report reveals an increase in Tether's excess reserves, reaching an all-time high of $2.44 billion, up from $1.48 billion in the previous quarter. Tether's success in Q1 2023 is evident, with its reserves' surplus reaching an all-time high of $2.44 billion and net profits for the quarter of $1.48 billion.

Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States.

BlackRock – the world’s largest asset manager – is collaborating with the U.S. government to sell off eleven figures worth of securities tied up with American banks that failed last month. 

Larry Fink, CEO of investment management company BlackRock, recently expressed concern that the United States is falling behind in the innovation of cryptocurrencies compared to other countries.

The back to back collapse of crypto friendly lenders Silicon Valley Bank (SVB) and Signature bank re-ignited the recession risks. However, the rescue deal of Credit Suisse made sure that the downturn might be near. However, BlackRock executive assured that the Recession might be postponed but not canceled yet.

The world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old playbook when central banks would rush to rescue the economy as recession hit. Now they’re causing the recession to fight sticky inflation – and that makes rate cuts unlikely, in our view,” said the firm’s strategists.

BlackRock Inc. Vice Chairman Philipp Hildebrand is taking part in discussions as Swiss officials race to put together a deal for UBS Group AG to take over Credit Suisse Group AG.

In an annual letter to investors published on March 17, 2023, Larry Fink, the chairman and CEO of BlackRock, highlighted the potential of tokenization of asset classes that could drive efficiencies in capital markets, shorten value chains, and improve cost and access for investors.

Larry Fink, chief executive officer of the world’s largest asset management company BlackRock, believes tokenizing asset classes such as stocks and bonds could foster efficiency in capital markets and improve investor access.

BlackRock CEO Larry Fink said in his annual letter to investors outlining what he contends are the most urgent and rapidly changing developments in crypto and traditional finance.