TETHER SNAPS UP MORE BITCOIN, BRINGS HOLDINGS TO $2.8 BILLION

Summary from the TLDR Crypto newsletter

Tether, the issuer of the third-largest cryptocurrency, USDT, has added more Bitcoin to its treasury, which now totals over $2.8 billion. While the company primarily backs USDT with the safest investment instruments possible, like US Treasuries, it uses a small portion of its profits to purchase and subsequently hold Bitcoin. Despite past criticism for a lack of transparency and the conclusion of a two-year investigation by the New York Attorney General, Tether continues to lead the space in market share and even has recently been given the seal of approval by traditional finance institutions like Cantor Fitzgerald.