Tether’s Big Profits Mean Good News for Bitcoin
Tether, the company behind the popular stablecoin USDT, just announced record profits for the first half of this year. They made a whopping $5.2 billion! This is good news for Bitcoin because Tether is using some of these profits to buy more Bitcoin. Tether’s Bitcoin Buying Spree Tether started buying Bitcoin in September 2022 and…