Tether is aggressively buying BTC with its alleged ‘profits’ because, well, somebody has to stop the token’s falling value. On Wednesday, Tether announced that, starting this month, it would “regularly allocate up to 15% of […]
Tether, the company behind the largest stablecoin in the cryptocurrency market USDT is now going to allocate up to 15% of its net realized operating profits towards purchasing Bitcoin (BTC). The information was published by […]
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Tether has announced a new strategy of buying bitcoin from their profits to add to the $1.5 billion BTC purchased in Q1 2023. “Tether will regularly allocate up to 15% of its net realized operating […]
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