Tether, the company behind the popular stablecoin USDT, has been busy printing billions of dollars worth of the digital currency. This comes as the cryptocurrency market is seeing a surge in prices, especially for Bitcoin.
Billions Flowing into Crypto Exchanges
According to blockchain tracking firm Lookonchain, Tether has printed a whopping 4 billion USDT in recent days. This includes a massive 2 billion USDT printed in just two days. Most of this newly minted USDT has been sent to major crypto exchanges like Binance, Kraken, Bybit, OKX, and Coinbase.
Tether’s Big Bitcoin Bet
Tether CEO Paolo Ardoino recently revealed that the company now holds over 82,000 Bitcoin, worth around $6.7 billion. This shows that Tether is heavily invested in the cryptocurrency market.
Tether’s Diverse Portfolio
Beyond Bitcoin, Tether also holds a massive amount of US Treasuries, worth around $100 billion, and over 48 tons of gold. The company has also built a $6.56 billion investment portfolio, focused on companies and technologies that align with its mission of building a more independent and resilient financial system.
Important Note: This information is for general knowledge and should not be considered financial advice. Always do your own research before making any investment decisions.
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