Tether's Treasury Operations USDT issuer Tether has added 8,888 Bitcoin to its financial reserves. This move reflects the stablecoin issuer's strategy to strengthen its crypto asset portfolio. In the context of increasing institutional interest in Bitcoin and its inclusion among central bank reserves, this increase in Tether's BTC allocation is seen as an important signal in the industry.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
4
Repost
Share
Comment
0/400
BridgeNomad
· 4h ago
ngl, tether accumulating BTC feels like watching a stablecoin issuer shift their counter-party risk profile... what's the reserve composition looking like these days? not exactly thrilled about centralized custodians holding that much firepower tbh
Reply0
MevSandwich
· 4h ago
Tether is also lurking around BTC. This move is really like a game of chess.
View OriginalReply0
ImpermanentTherapist
· 4h ago
Tether is stacking coins again. Now the stablecoin issuer is also starting to play with BTC reserves. This is quite interesting.
View OriginalReply0
HappyToBeDumped
· 5h ago
Tether is stacking BTC again. Why is that... Could it be optimistic about the future market? Feels like this strategy is becoming more and more like traditional finance.
Tether's Treasury Operations USDT issuer Tether has added 8,888 Bitcoin to its financial reserves. This move reflects the stablecoin issuer's strategy to strengthen its crypto asset portfolio. In the context of increasing institutional interest in Bitcoin and its inclusion among central bank reserves, this increase in Tether's BTC allocation is seen as an important signal in the industry.