CoinDesk published this video item, entitled “Tether Says It Will Buy Bitcoin for Stablecoin Reserves With Realized Profits” – below is their description.
Stablecoin issuer Tether will regularly buy bitcoin (BTC) for its stablecoin reserves using about 15% of its realized profits starting this month as part of a new investment strategy focused on the largest cryptocurrency by market capitalization, the firm announced on Wednesday. “The Hash” panel discusses what to make of Tether’s BTC purchase campaign and the broader implications for the stablecoin market.
CoinDesk YouTube Channel
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