VanEck Advisor: Tether currently holds about 5.3 billion US dollars in precious metals and 7.8 billion US dollars in Bitcoin
Odaily Planet Daily reports that Tether strategist and VanEck advisor Gabor Gurbacs stated on platform X that the latest certification report for Tether shows it holds about 5.3 billion dollars in precious metals and 7.8 billion dollars in Bitcoin. This could be one of the greatest bulk commodity hedge trades in history, contributing to Tether's over-collateralization.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The current Bitcoin holdings in El Salvador are 6078
The market value of BlackRock IBIT's holdings exceeds 56 billion US dollars
Nearly 4000 wallets have increased holdings of Wrapped AVAX
Former CFTC Chairman: The scarcity of Bitcoin is leading to its rapid appreciation
Trending news
MoreCrypto prices
More
