BREAKING: Tether (USDT) announces #Bitcoin purchase strategy, aims to strengthen reserves.
“Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing #Bitcoin ($BTC).”: https://news.todayq.com/news/tether-usdt-announces-bitcoin-purchase-strategy-aims-to-strengthen-reserves/
Tether is a scam created to cover up another scam (the so called "hack" of Bitfinex).
People always forget this fact.
History that will never be forgotten:
https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/
https://decrypt.co/122677/tether-fake-documents-bank-accounts
Tether is now admitting that they’re going to print Tethers out of thin air to buy bitcoin.
Maybe this is the first step to copy the success of Luna/UST
BTC backed algorithmic stablecoin🤡🔫
🤣
Hey nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m can CashApp / Block commit to doing something like this at some stage?
Seems right, as a #Bitcoin forward company generating significant profits from customers interacting with Bitcoin.
We need more companies DCA stacking with us!
