Tether will regularly use its realized net operating profits to purchase Bitcoin starting this month to strengthen its stablecoin reserves

ChainCatcher news, USDT issuer Tether announced that starting this month, it will regularly allocate up to 15% of its realized net operating profits to purchase Bitcoin. Tether expects that the current and future Bitcoin holdings in its reserves will not exceed the shareholder capital buffer and will further strengthen and diversify its reserves.

As of the end of March 2023, Tether has approximately $1.5 billion in Bitcoin in its reserves. (source link)