Stablecoin Giant Tether Now Holds Roughly 150,000 Bitcoin, CEO Reveals

Paolo Ardoino disclosed the figure during remarks at a Bitcoin forum in Lugano, Switzerland. Tether CEO Paolo Ardoino said the company behind the world's largest stablecoin now holds about 150,000 Bitcoin. He shared the figure at a Bitcoin forum held in Lugano, Switzerland. The remarks were reported separately by CryptoBriefing, Coinfomania, and crypto.news. Tether issues USDT, the dominant dollar-pegged stablecoin used across crypto trading and payments. The company has for several years directed a portion of its profits into Bitcoin purchases. Ardoino has previously described this strategy as a way to diversify Tether's reserves beyond cash and short-term government debt.

Source: TheCoinrise