TETHER BITCOIN RESERVE
Tether Now Holds Over $5 Billion Worth of Bitcoin to Back USDT
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TOKENOMICS
SUPPLY
10,000,000 $TBR
LIQUIDITY BURNED
RENOUNCED OWNERSHIP
TAX
NULL
0% BUY
0% SELL
0x000000000000000000000000000000000000dEaD
Tether Bitcoin Reserved ($TBR) sets a new standard in stablecoin innovation. Backed by over $5 billion in Bitcoin, $TBR combines the reliability of USDT with the power of crypto’s most trusted asset.
Tether, the issuer of USDT, the world's largest stablecoin based on market cap, added just shy of 8,889 bitcoin (BTC) in the first quarter, according to on-chain trackers such as Arkham Intelligence.
ABOUT
Though Tether made no official announcement of the action, a wallet believed to belong to the company shows as having 8,888.8888 bitcoin moved to it on March 31. Tether, of course, has made no secret of its intention to use a portion of its profits to acquire bitcoin.
Arkham Intelligence data—which tracks the crypto giant’s wallet—reveals that the company now holds over 75,354 Bitcoin, worth more than $5.1 billion as of this writing, after the firm bought 8,889 BTC in the first quarter of this year.