Tether, the issuer of the widely used USDT stablecoin, holds a substantial amount of bitcoin, totaling 150,000 coins worth approximately $11.5 billion, according to CEO Paolo Ardoino. This significant crypto reserve was disclosed as part of Tether's ongoing efforts to maintain transparency about its asset holdings, CoinDesk reported.
The accumulation of bitcoin by Tether represents one of the largest known corporate holdings in the cryptocurrency market, highlighting the company's strategic positioning within the digital asset ecosystem. Paolo Ardoino’s statement underscores Tether’s confidence in bitcoin as a core component of its treasury management.
For Japanese investors and market participants, Tether's sizable bitcoin reserves may influence liquidity and trading dynamics in the crypto market, given the stablecoin’s widespread use across exchanges that cater to the Asia-Pacific region.