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Tether is partnering with KriptonMarket to bring USDT payments to small businesses at the Central Market in Buenos Aires, Argentina, protecting them from Argentine peso inflation.
Tether, the blockchain platform behind the stablecoin USDT, has partnered with KriptonMarket. The collaboration aims to address the issue of skyrocketing inflation rates in Argentina.
Tether, the blockchain platform behind the stablecoin USDT, has partnered with KriptonMarket. The collaboration aims to address the issue of skyrocketing inflation rates in Argentina.
Squint and you can see resemblances Do Kwon's bitcoin buying during Terra/luna's high days.
Reflecting on events like the Terra collapse in the spring of 2022 and the de-pegging of USDC less than a year later might cause one to question the accuracy of the term “stablecoin.”
Top dollar based stablecoin issuer Tether says it will take its operating profits and purchase Bitcoin. Tether said that it first manages reserves but the purchase of Bitcoin, the worlds most popular crypto, will further strengthen reserves.
Tether, the leading global stablecoin provider, has declared that it will allocate up to 15% of its earnings into purchasing Bitcoin (BTC). This decision marks a significant shift in strategy for the company responsible for USDT.
Tether, the prominent issuer of the extensively espoused stablecoin USDT, has revealed its plans to allocate a portion of its net realized operating gains towards acquiring Bitcoin. This strategic move is intended to strengthen and diversify Tether's reserves, supporting the long- term growth eventuality of the world's first and largest cryptocurrency.
Halil Mirakhmedov, the COO of @wallet, one of the wallets available on Telegram, stresses the need to have alternative payments such as TON and USDT used by the messaging app.
The entity behind the USDT stablecoin, Tether, has announced that it will use a portion of its profits and purchase Bitcoin (BTC) in an effort to shore up its stablecoin reserves. Tether had revealed a net profit of $1.48 billion in Q1 2023 and also revealed it had around $1.5 billion in BTC holdings.
In a new investment strategy, Tether, the stablecoin issuer, announced on Wednesday that it will begin regularly purchasing bitcoin (BTC) using a portion of its profits.
Prices: Unfazed by U.S. debt ceiling talks, bitcoin and ether hold steady while Tether and Circle are diversifying reserves to mitigate dollar risks.
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).
Tether, the company managing the reserves of the world's largest stablecoin USDT, has announced a new investment strategy aimed at strengthening its reserves portfolio. Tether will now allocate up to 15% of its net realized operating profits toward purchasing Bitcoin (BTC) regularly.
Tether, the world's biggest stablecoin issuer, says it will now direct as much as 15% of its profits into Bitcoin (BTC). In an official announcement, Tether, the firm behind USDT, says it will start plowing profits into Bitcoin, which it will self-custody, to further strengthen its reserves.
Tether withdrew roughly $5 billion from banks in Q1 2023 after observing competitors' woes amid the U.S. banking crisis.
In an effort to diversify its reserves, Tether Holdings Ltd. (CRYPTO: USDT), the company behind the world's largest stablecoin, has announced plans to invest up to 15% of its profits into Bitcoin (CRYPTO: BTC) on a regular basis.
Tether, the firm behind the world's largest stablecoin USDT, has revealed plans to allocate 15% of its net monthly profits towards purchasing Bitcoin.
The cryptocurrency market is known for its volatility, especially during periods of market uncertainty. In such times, investors seek stable alternatives to mitigate risks associated with price fluctuations.
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm's announcement comes on the heels of Tether's recent attestation report, which emphasized the company's possession of bitcoin reserves worth $1.5 billion.
Tether said that starting this month it will regularly allocate up to 15% of its net realized operating profits toward buying bitcoin.
The USDT issuer just revealed that it plans to use 15% of its net realized operating profits to buy Bitcoin. Tether also noted that the purchases will be used to strengthen the reserves backing the USDT stablecoin
Quick Take USDT and USDC started roughly simultaneously, back in 2018, and grew in tandem with one another as the crypto market also grew, all the way through to 2022.
Tether, the stablecoin issuer, plans to buy Bitcoin to strengthen reserves and capitalize on its growth potential.
