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Tether, the world’s largest stablecoin, has announced its intention to use up to 15% of its profits to purchase additional bitcoin.
As of March 31, the approximately $1.5 billion in bitcoin Tether held was approximately triple the amount of cash in its reserves. This change will presumably exacerbate that difference.
Listen to this article to discover why Tether is making bitcoin investments, despite dwindling cash on hand.
For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com
Hosted on Acast. See acast.com/privacy for more information.
Tether, the world’s largest stablecoin, has announced its intention to use up to 15% of its profits to purchase additional bitcoin.
As of March 31, the approximately $1.5 billion in bitcoin Tether held was approximately triple the amount of cash in its reserves. This change will presumably exacerbate that difference.
Listen to this article to discover why Tether is making bitcoin investments, despite dwindling cash on hand.
For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com
Hosted on Acast. See acast.com/privacy for more information.