Tether minted 3 billion $USDT on Ethereum and Tron in just 4 days. Since April 1, most of those $USDT have flowed into Binance, Bitfinex, Kraken, and Coinbase, encountering the impact of ETF flows

#TETHER #USDT #ETH #TRON

Tether purchased 8888 Bitcoins in Q4 2023. 🪙💰

Tether quietly acquired 8,888 BTC in Q4 2023, in line with its revealed strategy of allocating 15% of quarterly profits to Bitcoin. The move follows earlier purchases, bringing the total to 66,465 BTC worth $2.8 billion. Analysts have been tracking wallets associated with Tether, confirming strategic accumulation.

🔹Diversification beyond Stablecoins

Tether's commitment to diversification is evident, with significant Bitcoin holdings complementing its mining and energy projects. A $500 million investment in El Salvador demonstrates Tether’s active engagement beyond stablecoin issuance.

🔹Strengthening position in the crypto market

This strategic move strengthens Tether's position in the crypto market, reflecting the evolving landscape of stablecoin issuers engaging in various blockchain activities. The crypto community expects further developments from this influential player.

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#TETHER #BTC

Tether Holdings Limited (BVI) released its assurance opinion for the first quarter of 2024, with a record net profit of $4.52 billion. The main contributing entities are those in charge of issuing Stablecoins and managing the respective reserves where approximately $1 billion of this profit stemmed from net operating profits, primarily derived from US Treasury holdings.
#BVI #TETHER #MarketSentimentToday
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: 1,000,000,000 #USDT。 minted at #TETHER Treasury.

@FOMO_INSIGHTS

#BinanceLaunchpoolDOGS #CryptoMarketMoves #BinanceBlockchainWeek

🚨 BIG NEWS BY #TETHER ( $USDT )

Tether Steps Up Its Game…

Yesterday’s Tether has made a massive purchase, acquiring an additional 8,888.88 #Bitcoin  valued at $628 million.

Total Bitcoin holdings to an impressive 75,354 BTC ( $5.3 Billion in USD )

#CryptoNews $BTC $UNI $XRP
#Memecoins #BITCOIN #BTC

Tether (USDt) has expanded its availability by being accessible on the Telegram Open Network (TON) platform. ⚡🔥💎

Tether’s USDt has officially landed on TON, offering Telegram's massive user base of 900 million users instant, free, and hassle-free cross-border payment capabilities. This groundbreaking integration, announced at Token2049 in Dubai, marks a pivotal collaboration between Telegram’s Founder & CEO, Pavel Durov, Tether’s CEO, Paolo Ardoino, and The Open Platform’s CEO, Andrew Rogozov, under the auspices of the TON Foundation.

With USDt on TON, users can expect stability, as it's pegged 1-to-1 with USD and backed entirely by Tether’s reserves. This stability makes it ideal for daily transactions and cross-border payments. Moreover, the integration boasts fully integrated on-ramps from various fiat currencies globally, with plans for integrated global off-ramps for easy withdrawals to bank accounts or cards.

To incentivize adoption and usage, the TON Foundation is offering a total of 11 million $TON in incentives. These incentives include boosted rewards in USDt/TON liquidity pools across TON DEXes, rewards for users depositing USDt to wallet’s Earn campaign, and free withdrawals to TON from supporting exchanges like tier-1 exchange until June 2024.

The launch of USDt on TON marks a significant stride towards integrating digital currencies into everyday life within TON’s Web3 ecosystem on Telegram. Users can now access seamless financial services, heralding a new era of digital currency adoption and accessibility.

#TON #Toncoin #TonNetwork #PavelDurov #TETHER

Tether withdrew 8888.88 BTC (approximately $379 million) from Bitfinex today, becoming the tenth largest BTC holding address. Tether currently holds 66465.2 BTC ($2.82 billion), with a cost price of $25,176, and a profit of $1.148 billion (+68%).

#BTC!💰 #TETHER

UPDATE

End of Q1

Tether purchased 8,888 #Bitcoin   

This brings their total treasury to 75,354 #BTC   

This is consistent with Tether's Treasury Reserve Strategy of saving 15% of profits in Bitcoin.

#BTC #BITCOIN #tether #USDT #TETHER