Replying to Avatar Bitcoin Magazine

BREAKING: World’s largest stablecoin issuer Tether is in talks to raise up to $20 billion, according to Bloomberg 👀

They currently own over 100,000 #bitcoin on their balance sheet 🚀

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BrianFitzwater 3mo ago

My take - Tether must have low confidence in its own coin, as it owns ₿itcoin for security.

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Daltonbit 3mo ago

Actually I think in what Tether has really low confidence is in US Treasury notes 😅 I guess that's why they have Bitcoin as a backing asset.