Tether CEO Paolo Ardoino said at the Plan ₿ Forum in Lugano on November 3 that the company itself holds about 150,000 $BTC , has over 730 million users worldwide, and adds about 30 million wallets each quarter. Its third-quarter attestation showed that it directly held about $122.8 billion in U.S. Treasury securities, or about $132.4 billion including repos, with excess reserves of $7.95 billion.
Put the two sets of figures together, and Tether looks more like a Bitcoin treasury and money market fund using stablecoins as its funding arm. Its 730 million users are the gateway to cash flow; Treasury securities and Bitcoin are on the asset side.
Ardoino said the Independence Stack should be able to run independently even if Tether disappeared tomorrow. Whether the next attestation will list those 150,000 bitcoins separately is something to watch.
#Tether #比特币 #Stablecoins
Put the two sets of figures together, and Tether looks more like a Bitcoin treasury and money market fund using stablecoins as its funding arm. Its 730 million users are the gateway to cash flow; Treasury securities and Bitcoin are on the asset side.
Ardoino said the Independence Stack should be able to run independently even if Tether disappeared tomorrow. Whether the next attestation will list those 150,000 bitcoins separately is something to watch.
#Tether #比特币 #Stablecoins