Tether Aggressively Expands Bitcoin Reserves – A Strategic Shift in Stablecoin Backing
The post Tether Aggressively Expands Bitcoin Reserves – A Strategic Shift in Stablecoin Backing appeared on BitcoinEthereumNews.com.
Tether (USDT) reaffirmed its devotion to Bitcoin by purchasing another significant quantity of BTC from Bitfinex, according to Onchain Lens. The on-chain acquisition of 888.88 BTC took place during a time when the price was around $61.8 per BTC, totaling over $5 billion in BTC held by USDT. Tether now holds its highest ever amount of BTC, totaling 75,354 BTC. The Pivot to “Hard” Assets This action follows a long-term business plan previously revealed by Tether earlier in May 2023, in which it pledged to use as much as 15% of its realized net operating income for use in the acquisition of Bitcoin. Tether is taking this step to put itself into a position to be among the largest holders of BTC in the world by having significant reserve assets which are not predominantly cash equivalents or US Treasury securities. Tether sees Bitcoin differently from most financial institutions that use it only for speculation. Tether considers it to be an asset with “scarcity, liquidity and longevity” which increases the overall strength of the USDT peg to the USD. This approach is part of the trend to “institutionalize” Web3 assets with large institutional organizations using decentralized assets for investments in their balance sheets. Strengthening the USDT Peg through Diversification Tether has been criticized for many years due to issues with both the level of transparency in and quality of its reserves. With Tether acquiring bitcoin aggressively it is now able to diversify their backing into something outside of the traditional banking system, which has experienced excessive volatility over the past two years. The latest attestation reports from Tether reveal a substantial quantity of “raw reserves” of Bitcoin held by the company. These amounts in excess can provide a source of psychological and real-world value to USDT customers going into the future.…
Filed under: News - @ April 17, 2026 12:27 am