Source: AdobeStock The world's largest stablecoin issuer, Tether, has reportedly expanded its Bitcoin holdings by acquiring an additional 8,888 BTC. This latest purchase cost a whopping $380 million. You cannot overstate how crucial this is for Bitcoin price discovery. Tether is earning ~$1bn/Q in interest and then firing as much of that as they want […] The post Report: USDT-Issuer Tether Purchased 8,900 BTC, Worth $380 Million appeared first on Cryptonews.
Source: AdobeStock The world's largest stablecoin issuer, Tether, has reportedly expanded its Bitcoin holdings by acquiring an additional 8,888 BTC. This latest purchase cost a whopping $380 million. You cannot overstate how crucial this is for Bitcoin price discovery. Tether is earning ~$1bn/Q in interest and then firing as much of that as they want […] The post Report: USDT-Issuer Tether Purchased 8,900 BTC, Worth $380 Million appeared first on Cryptonews.
Share this Article
Recommended