Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits
Briefly

Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment.He holds BTC and ETH.Stablecoin issuer Tether will regularly buy bitcoin ( BTC) for its stablecoin reserves using a portion of its profits starting this month as part of a new investment strategy focused on the largest cryptocurrency by market capitalization, the firm announced on Wednesday.
Read at Coindesk
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