Tether makes its move: $1 billion in treasury USDT enters the market to buy BTC for the first time $BTC
Big news: Tether has used treasury funds for the first time, buying Bitcoin with $1 billion in USDT. Until now, it simply issued USDT and let the market do the buying. This time, it’s stepping in directly and buying up Bitcoin—a powerful signal.
The stablecoin giant buying BTC itself is tantamount to publicly taking Bitcoin’s side. Combined with the steady ETF inflows lately, institutional and whale money is lining up to enter the market. A $1 billion purchase is definitely no small move.
Do you think Tether is buying the dip or positioning itself ahead of time? Let’s discuss in the comments.#比特币 #Tether
Big news: Tether has used treasury funds for the first time, buying Bitcoin with $1 billion in USDT. Until now, it simply issued USDT and let the market do the buying. This time, it’s stepping in directly and buying up Bitcoin—a powerful signal.
The stablecoin giant buying BTC itself is tantamount to publicly taking Bitcoin’s side. Combined with the steady ETF inflows lately, institutional and whale money is lining up to enter the market. A $1 billion purchase is definitely no small move.
Do you think Tether is buying the dip or positioning itself ahead of time? Let’s discuss in the comments.#比特币 #Tether