Tether invested another $380 million in Bitcoin

The issuer of the largest stablecoin by capitalization, USDT Tether, invested an additional $380 million in Bitcoin in IV 2023, bringing the total investment volume to 2.8 billion. Thus, at the end of the reporting period, the company purchased 8,888 BTC, and now has 66,465 coins in its account.

The Block material

#Tether #Tether. #TetherCEO #TetherUpdate #BTC!💰

🔒 Tether's CEO, Paolo Ardoino is on a mission against crypto crimes! 🚫 Freezing over 200 wallets linked to dubious actors, totaling 3.5M USDT. 🤝

Partnering with FBI and Secret Service, they've seized a staggering $435M. A bold move to clean up the crypto streets and uphold a secure ecosystem.

#CryptoSecurity #TetherCEO #CryptoCleanup #Crypto #CryptoNews🔒📰🚫

Tether forms strategic alliance with former subsidiary rhino.fi

Tether has announced a “strategic alliance” with rhino.fi, formerly known as DeversiFi and previously known as Ethfinex, which the company claims will improve the liquidity of rhino.fi’s blockchain bridging solutions.

The creator of Rhino.fi is Ethfinex, a subsidiary of Tether that spun off from Bitfinex to create a trustless exchange (without the need to trust a third party).

Eventually, the associated trading volume returned to Bitfinex, and token trading on the blockchain became the domain of DeversiFi, which more clearly split from Bitfinex through a management buyout.

#Tether. #Tether #TetherCEO #TetherUpdate