Tether just showed its hand: excess reserves nearly doubled to $8B.
Q3 profit hit $1.5B (Cointelegraph), and its Bitcoin reserves were valued at $8.37B at the end of September.
Odd detail: the biggest stablecoin issuer is also quietly one of the larger corporate $BTC holders, while price sits near $78K and sentiment reads Fear.
My take: bigger buffers help trust after a rough week for exchanges, but transparency still matters more than size.
Which matters more to you when judging a stablecoin: reserve size or reserve mix? $USDT $ETH
#Tether #Stablecoins #Bitcoin
Q3 profit hit $1.5B (Cointelegraph), and its Bitcoin reserves were valued at $8.37B at the end of September.
Odd detail: the biggest stablecoin issuer is also quietly one of the larger corporate $BTC holders, while price sits near $78K and sentiment reads Fear.
My take: bigger buffers help trust after a rough week for exchanges, but transparency still matters more than size.
Which matters more to you when judging a stablecoin: reserve size or reserve mix? $USDT $ETH
#Tether #Stablecoins #Bitcoin