Tether Scoops $1 Billion In Bitcoin, Strengthening $10-B Stockpile
According to Arkham, a wallet labeled “Tether: Bitcoin Reserves” received 8,889 Bitcoin in a single transfer from Bitfinex. Related Reading: Bitcoin Buyers Step Back After Failed Push Beyond $115,000: Data The move added roughly $1 billion to Tether’s holdings and pushed the firm’s Bitcoin stash to about $9.8 billion based on the market price. It was one of the biggest single top-ups to its BTC balance this year. Quarter-End Buying Pattern Based on reports, the timing of the buy was not random. Blockchain records show Tether has made similar quarter-end additions in September 2024,....
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As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more than 80% of the entire supply. Tether’s Whales Command More Than 80% of the Supply The U.S. dollar-pegged stablecoin has grown exponentially during the last few years and according to today’s metrics there’s 77.9 billion tether (USDT) in circulation today. Tether is the most dominant stablecoin out of all the stablecoins in existence in terms of market....
The blockchain stablecoin issuer Tether Operations Limited has recently surpassed a $50 billion market valuation after seeing exponential growth during the last few years. Furthermore, the stablecoin tether has launched on the trading platform Coinbase Pro this week marking the San Francisco-based exchange’s first time supporting the dollar-pegged token. Tether Market Cap Increases by 170% in 6 Months The blockchain company has reached a milestone this week as the firm’s dollar-pegged token USDT has surpassed a $50 billion market capitalization. Back in November 2020,....
This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the stablecoin now represents 46% of the $168.3 billion stablecoin economy. Tether Market Cap is Less Than $2 Billion Away From Reaching $80 Billion On December 30, 2021, there’s roughly 78.2 billion tether (USDT) in circulation, according to coingecko.com’s top stablecoin by market capitalization statistics. According to Tether Limited’s transparency report published to the tether.to....
Leading stablecoin issuer Tether appears to have acquired another 8,888 Bitcoin (BTC), worth approximately $1 billion. On-chain analytics platform Onchain Lens confirmed the purchase in an X post earlier today. Tether Continues To Stack Bitcoin Tether, the issuer of the top USD-pegged stablecoin USDT, today purchased another 8,888 BTC, increasing its total Bitcoin reserves to […]
A record high for the largest stablecoin comes as Bitcoin cools around its own highest-ever levels. Tether (USDT), the largest cryptocurrency stablecoin, has passed a $20 billion market cap for the first time.According to data confirmed by the company on Dec. 18, Tether is now a $20 billion asset and the fourth-largest cryptocurrency by market cap.Tether market cap doubles since September"Tether has just surpassed a $20B market capitalization!" an official Twitter update reads. "This fantastic milestone is another confirmation for Tether maintaining its number one spot as the most liquid,....