Tether, the largest stablecoin issuer, has just added 700 million USD in Bitcoin to its reserves. 🚀

- According to data from Arkham Intelligence, Tether transferred 7,629 BTC to its reserves from Bitfinex's hot wallet on December 30, 2024. This is the largest transaction since March 2024, when the company transferred 8,888.88 BTC.

- This move is part of a strategy to diversify its portfolio, committing 15% of profits to buy Bitcoin.

- However, Tether is facing concerns about the legal status of USDT in Europe after the MiCA regulation came into effect, causing a $3 billion drop in USDT's market cap.

- CEO Paolo Ardoino has reassured the community, stating "USDT is safe" and debunking misinformation. 🌐