Leading stablecoin issuer Tether, the firm behind the USDT token, has recently revealed that it amassed $2.5 billion in excess reserves, and that it now plans to use 15% of its realized net operating profits to invest in the flagship cryptocurrency Bitcoin ($BTC). According to a recent announcement, Tether’s excess reserves currently account for approximately […]
Tether Commits to Buying Bitcoin ($BTC) Using 15% of Net Realized Profits
May 18, 2023
Crypto Globe