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Tether buys bitcoin with a portion of its net profit to back USDT stablecoin

May 18, 2023
in Finance News
Reading Time: 1 min read
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Tether said it would invest 15% of its net profit into bitcoin to “diversify” the reserves that back its USDT token.

Source：https://www.cnbc.com/2023/05/17/tether-buys-222-million-worth-of-bitcoin-to-back-its-usdt-stablecoin.html

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