Tether Adds $1 Billion in Bitcoin, Pushing Total Reserves to Nearly $10 Billion

Tether, the issuer of the world's largest stablecoin, USDT, just doubled down on its commitment to hard assets by adding a massive $1 billion in bitcoin, boosting its total reserves to a commanding $9.7 billion. In today's "Chart of the Day," presented by Crypto.com, CoinDesk's Jennifer Sanasie breaks down the move, which comes on the heels of the unveiling of USAT, Tether's new U.S. stablecoin, earlier this month. - #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE