Tether (USDT) Adds 8,889 BTC to Holdings

Tether (USDT) Adds 8,889 BTC to Holdings

Tether, the crypto firm behind the USDT (USDT) stablecoin, has added about $1 billion worth in bitcoin (BTC) to its reserves, bringing holdings to $9.7 billion as the supply of its flagship stablecoin rose to nearly $175 billion.Blockchain data by Arkham Intelligence shows that the address tagged as "Tether: Bitcoin Reserves" received 8,889 BTC from a wallet of Bitfinex, the crypto exchange closely associated with Tether. The address currently h…

Bitwise CIO Predicts Tether’s Growth Could Rival Top Global Corporations

Matt Hougan, Bitwise CIO, says that the stablecoin issuer’s business model, which is based on high interest rates and constant asset accumulation, makes Tether a strong candidate to become the most successful firm ever. If the corporation acquires $3 trillion in assets, which is approximately 3% of the world’s money supply, it may generate more revenue than the renowned oil giant Saudi Aramco. Tether’s recent discussion of a $500 billion valuati…

Tether Purchases Over $1B Bitcoin, Bitwise Says The Company Will Overtake Saudi Aramco

USDT’s issuer, Tether, recently completed an 8,888.88 Bitcoin purchase worth over $1 billion. Bitwise CIO Matt Hougan believes the company has the potential to surpass the value of Saudi Aramco. Tether capturing approximately 3% of the global money supply could elevate its assets to $3 trillion. Tether, the world’s largest stablecoin company, recently replenished its Bitcoin (BTC) treasury. According to Arkham Intelligence, the issuer of USDT se…

Tether grows Bitcoin reserves to $9.7b after $1b Q3 buy

Tether reinforced its belief in Bitcoin as a primary reserve asset with its latest acquisition—a $1 billion purchase that brings its total stake to $9.7 billion amid a soaring USDT supply. According to onchain data flagged by Nansen on Sept.…

Onchain Data Shows Tether-Linked Wallet Bags $1B in Bitcoin, Symbolism and All

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