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Tether buys $222 million worth of bitcoin to back its USDT stablecoin - CNBC
5/17/23 at 1:00pm
Organization
CNBC
Author
Ryan Browne
34 words
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Tether said it would invest 15% of its net profit into bitcoin to "diversify" the reserves that back its USDT token.
Business & Industrial
Currencies & Foreign Exchange
USDT
stablecoin - CNBC Tether
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https://www.cnbc.com/2023/05/17/tether-buys-222-million-worth-of-bitcoin-to-back-its-usdt-stablecoin.html
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