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Tether Plans 15% of Its Net Profits Into Bitcoin in Move of Confidence

Tether, the world’s largest stablecoin issuer by market capitalization, said it is planning to invest 15 percent of its net profits into bitcoin to strengthen its reserves. Tether said it expects the move to “strengthen...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Tether Plans 15% of Its Net Profits Into Bitcoin in Move of Confidence
Tether, the world’s largest stablecoin issuer by market capitalization, said it is planning to invest 15 percent of its net profits into bitcoin to strengthen its reserves. 
Tether said it expects the move to “strengthen and diversify” its reserves of its $1 pegged stablecoin, in a statement released on Wednesday....
Read More: Tether Plans 15% of Its Net Profits Into Bitcoin in Move of Confidence

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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