Tether Adds $1B in Bitcoin to Reserves as USDT Nears $175B,2025-10-02T03:22:42.606Z


CoinDesk: Tether Adds $1B in Bitcoin to Reserves as USDT Supply Nears $175B, Blockchain Data Shows


CoinDesk: Tether Adds $1B in Bitcoin to Reserves as USDT Supply Nears $175B, Blockchain Data Shows

The crypto firm behind the largest stablecoin has been accumulating bitcoin alongside gold over the past few years.

What happened

Tether, the issuer of the popular USDT stablecoin, recently added about $1 billion in Bitcoin to its reserves, as confirmed by blockchain data, with the total USDT supply approaching $175 billion.

Why it matters

This addition reflects Tether’s efforts to diversify its holdings, potentially strengthening the stability of USDT by including assets like Bitcoin, which could influence market perceptions and the overall dynamics of the cryptocurrency ecosystem.

Key points

  • Tether added approximately 8,889 Bitcoin, valued at $1 billion.
  • USDT’s supply is nearing $175 billion, highlighting its dominance in stablecoins.
  • The firm has consistently built its reserves with Bitcoin and other assets over recent years.

What to watch next

Future updates on Tether’s reserve compositions and any regulatory responses could provide more clarity on how such moves impact the crypto market.

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Source: original article

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