The issuer of the largest stablecoin $USDT (supply volume — $185 billion) continues to replenish its bitcoin reserves.
Key facts:
Recently, Tether added 961 BTC ($97.3 million) to its reserves. Previously, at the end of September, the company acquired 8888 BTC (~$1 billion).
Over three years, more than 87 thousand BTC ($8.7 billion) have been accumulated.
By the size of Bitcoin reserves Tether:
in 2nd place among private companies (after Block One with 164,000 BTC);
in 3rd place in the world, behind Michael Saylor's Strategy (641,000 BTC).
Finance and backing:
Since the beginning of the year, Tether's profit has exceeded $10 billion; 15% of it goes towards the purchase of $BTC .
USDT is primarily backed by U.S. Treasury bonds (> $135 billion as of Q3) — this places the company among the largest holders of U.S. government debt.
New initiatives:
Investments in AI, media, sports, and mining.
Announced the release of the new stablecoin USAT (backed by the dollar, for American users).
