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Tether adds 8,888 Bitcoin in Q1 as holdings exceed $8.4B

Coin Telegraph LogoCoin Telegraph1d ago

Tether adds 8,888 Bitcoin in Q1 as holdings exceed $8.4B - Coin Telegraph

Quick Summary:

JP Morgan wrote in a report that potential stablecoin regulation could consider a significant portion of the firm’s current reserve as non-compliant:“Under the proposed bills, Tether would have to implicitly replace its non-compliant assets with compliant assets.[…] This would imply sales of their non-compliant assets (such as precious metals, Bitcoin, corporate paper, secured loans.”Still, Tether argued against the conclusion of the JP Morgan analyst.

Related: Binance ends Tether USDT trading in Europe to comply with MiCA rulesTether becomes an investment powerhouseTether reported $13 billion of profit in 2024, leading to a significant capital reserve that the firm funneled into large-scale investment ventures.

Tether, issuer of the USDT stablecoin, acquired 8,888 Bitcoin in the first quarter of 2025, according to onchain data.

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Article Details

Author / Journalist: Cointelegraph by Adrian Zmudzinski

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 12:27:03 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 516 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27512706

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 29 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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  • URL: https://chronographically.beamstart.com/news/tether-adds-8888-bitcoin-in-17435070334583

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