Tether, the blockchain platform and issuer of the USDT stablecoin, has reportedly reaped a substantial profit exceeding $1.1 billion from its Bitcoin holdings. The recent surge in Bitcoin’s price, surpassing $41,000, played a pivotal role in Tether’s impressive 85%+ profit on its BTC holdings. According to Chinese crypto journalist Colin Wu, Tether accumulated a total … Continue reading "Tether’s Bitcoin Holdings Profit Tops $1B: Report" The post Tether’s Bitcoin Holdings Profit Tops $1B: Report appeared first on Cryptoknowmics-Crypto News and Media Platform .