Tether Aggressively Expands Bitcoin Reserves – A Strategic Shift in Stablecoin Backing
Tether (USDT) reaffirmed its devotion to Bitcoin by purchasing another significant quantity of BTC from Bitfinex, according to Onchain Lens. The on-chain acquisition of 888.88 BTC took place during a time when the price was around $61.8 per BTC, totaling over $5 billion in BTC held by USDT. Tether now holds its highest ever amount…