Tether Pledges to Plow 15% of Profits into Bitcoin
Bitcoin has ‘continually proven its resilience’ said Tether's CTO, as the stablecoin issuer adds to its $1.5 billion reserves of the cryptocurrency.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
OCC Faces Banking Backlash Over $850 Billion Stablecoin Threat
America’s banking lobby is firing back at federal regulators over a stablecoin rule that could reshape how crypto platforms reward...
Polymarket US hits $8.7 billion as Coinbase and Roundtable push stablecoin media payments
The rise of Polymarket and stablecoin media payments could reshape financial transactions, blending sports betting with blockchain...
Tether backs Tenstorrent’s $1.5 billion raise to widen access to AI computing
Tether's investment in Tenstorrent signals a strategic shift towards diversifying AI infrastructure, potentially decentralizing co...
Coinbase Taps Thunes to Link Stablecoins to Billions of Accounts
Coinbase is partnering with Thunes to connect stablecoin transfers with payouts to billions of bank accounts and mobile wallets. T...
Securitize Cuts Out Stablecoin Middlemen in Deal With Anchorage Digital Bank
Securitize now creates and redeems stablecoins directly with Anchorage Digital Bank, N.A., the two companies announced on Tuesday....
OCC Finalizes GENIUS Act Stablecoin Rules, Leaves Rewards Fight Open
Bitcoin Magazine OCC Finalizes GENIUS Act Stablecoin Rules, Leaves Rewards Fight Open The Office of the Comptroller of the Currenc...