Tether, the issuing company of the USDT stablecoin, expanded its Bitcoin (BTC) reserves after its latest purchase. According to its CEO, Paolo Ardoino, The firm has more than 82,454 BTC in its treasuriesvalued at 5 billion dollars.
In this way, ranks as the third company with the most bitcoin between its stores of value behind Microstrategy (252,220 BTC) and Black.one (164,000 BTC), according to data from BitcoinTresauries.
Likewise, Ardoino confirmed that Tether It has more than 43 tons of gold in its treasuries.
Paolo Ardoino confirmed the news during his participation in the Plan B forum, which took place in Lugano, Switzerland. Source: Account X of Tran Hung.
The movement of these companies feeds the narrative of bitcoin as a unique diversifying asset for its unique characteristics such as, for example, the emission limit of 21 million. This differentiates it from fiat money, which is constantly devalued by central banks.
The company is known for operating USDT, a stablecoin pegged to the US dollar which currently has a market capitalization of over $120 billion. The third largest digital assetbehind the digital currency created by Satoshi Nakamoto and ether (ETH), the Cryptocurrency of the ecosystem Ethereum/”>Ethereum.
Influence of Tether and USDT on the market
USDT is the most important stablecoin on the market and is currently a fundamental pillar in transactions carried out in numerous exchanges and platforms cryptocurrencies.
As CriptoNoticias reported, the price of BTC was affected in recent days following a publication by the Wall Street Journal (WSJ), where it is reported that the United States Justice is carrying out a criminal investigation into Tether.
The article does not mention official evidence of the incident. Rather, it is based on statements from “people familiar with the matter.”
In this context, Ardoino came out to refute the versions through his personal X account: “As we told the WSJ, there are no indications that Tether is under investigation. The WSJ is regurgitating old rumors. Final point.” This Sunday, BTC has already recovered and is approaching the $68,000 area again.
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