Hi bro 🤟😉🏴‍☠️ The exchange of Bitcoin for Tether could be considered a taxable event in many jurisdictions, depending on your country’s tax laws. In most cases, converting Bitcoin to a stablecoin like Tether is seen as a sale or trade, triggering a capital gains tax obligation. The IRS, for example, treats cryptocurrencies as property, meaning any gain from the sale or exchange could be taxable. Even though Tether is designed to maintain a 1:1 peg with the US dollar, it’s still considered a trade of assets for tax purposes.