cryptocurrency The largest altcoin in the market USDTThe company behind is Tether and there was a significant leak today. According to a Bloomberg report, the largest stablecoin issuer is looking for a place to distribute its billions of dollars of earnings.
Tether Will Lending
Largest stablecoin issuer Tether It posts massive earnings every quarter. According to the latest Bloomberg report, the company is looking for places to spend billions of dollars. According to the news based on inside sources, this reserve can be used as a loan to companies trading in commodities.
Tether holds US bonds as USDT’s reserve asset. These assets, which can be easily converted into cash, will remain in place as reserves. But the company’s billions of dollars in excess reserves will likely go to credit-hungry commodity traders. This does not concern the security of the USDT peg.
In its previous statements, the company stated that it would spend some of its excess cash on Bitcoin. 
$64,586 He had announced that he would buy it, but has so far refrained from exaggerated figures. Considering the loan issue to commodity traders that has been raised these days, the company BTC We can say that we continue to see risks for Bitcoin price rose to $66,299 in the last 24 hours and the rise accelerated after the US market open. SHIB, DOGE, LEFT Altcoins such as BTC continue to follow its rise and have gained over 5 percent.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
