Tether snaps up another 8,888 BTC, now fifth-largest Bitcoin wallet
Tether has acquired an additional 8,888 Bitcoin, bringing its total holdings to approximately 1.5 billion dollars worth of BTC. This purchase has positioned Tether as the fifth-largest Bitcoin wallet in existence. The move is part of Tether's strategy to bolster its reserves and enhance its backing for the USDT stablecoin. This acquisition reflects Tether's ongoing commitment to maintaining a strong asset base amidst market fluctuations.
Read the full article: Coin Telegraph