Tether has estimated that the equity on top of its reserves will grow to $1.5 billion or $1.7 billion.
“I love Bitcoin and that's our hedge and that's why we are in Bitcoin, because we don't trust those guys that they took so much risk on customer deposits.”eventually reducing it to zero
by late 2022. In addition to removing commercial paper from its reserves, Tether was replacing those investments with U.S. Treasury Bills. The news comes amid Tether continuing to increase its market dominance, with USDT’s market capitalization adding about $8 billion since Feb. 28. At the time of writing, USDT market valueUSDT market capitalization one-year chart. Source: CoinGecko
While USDT market dominance has been on the rise, Circle’s rival stablecoin USDC has been losing its market share, with market cap dropping 18% since late February.
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