Sentiment: Positive
Buy Bitcoin, Ethereum and Crypto Currencies/Coins from:
|
Binance |
|
Coinbase |
|
KUCOIN |
|
AscendEX (Formally BitMax) |
Tether USDT to strengthen reserves with Bitcoin purchase
By Oluwapelumi Adejumo at 2026-05-07 15:53
Sentiment: Positive
Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). In a May 17 company statement, the stablecoin issuer said it would self-custody the purchased BTC — adding that its purchase “will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains […] The post Tether USDT to strengthen reserves with Bitcoin purchase appeared first on CryptoSlate. Continue reading...
Categories: Featured
Tags: #Featured #Stablecoins #bitcoin #BTC #Stablecoin #Tether #USDT
Source CryptoSlate