Tether and Circle hold 86% of stablecoin supply, but new rivals and banks are breaking their grip on the $245B market.
Tether has expanded reserves with about $1B in BTC; estimates put holdings near 109,410 as Bitcoin exposure and liquidity ...
The crypto firm behind the largest stablecoin has been accumulating bitcoin alongside gold over the past few years, reporting $8.9 billion in BTC last quarter.
Under the Biden administration, Tether struggled to expand in the United States due in part to a controversial history that made even industry players wary.
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