Cryptocurrency Q&A
Will tether invest 15% of its net profit on Bitcoin?
Will tether invest 15% of its net profit on Bitcoin?
KimonoGlory
Sat Jul 13 2024
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6 answers
1206
As a cryptocurrency enthusiast, I am keenly interested in the potential strategic alliances between various digital assets. Given the significant market cap and liquidity of Tether, I'm curious to inquire if there are any plans for Tether to allocate a portion of its net profits towards Bitcoin investments. Specifically, the question I have is: Will Tether consider investing 15% of its net profit in Bitcoin? Such a move could potentially strengthen the symbiotic relationship between the two cryptocurrencies, potentially enhancing liquidity and market stability for both. It would also signal a strong endorsement of Bitcoin's value proposition and position in the crypto ecosystem.
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6 answers
SeoulSerenity
Mon Jul 15 2024
Tether International Ltd., the enterprise behind the market value's third-largest cryptocurrency, has revealed plans to diversify its USDT stablecoin's reserves.
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SkyWalkerEcho
Mon Jul 15 2024
The company intends to allocate 15% of its net investment profit, amounting to $222 million from its first-quarter earnings, towards Bitcoin.
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SamuraiCourage
Mon Jul 15 2024
This decision is aimed at strengthening the stability and trustworthiness of the USDT stablecoin, which is the world's largest by market capitalization.
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Daniele
Mon Jul 15 2024
By adding Bitcoin to its reserve assets, Tether aims to provide an additional layer of security and resilience against potential market fluctuations.
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Eleonora
Sun Jul 14 2024
The issuer of USDT currently holds over $1.5 billion in BTC reserves, and this latest investment will further increase that figure.
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