Tether CEO says company now holds about 150,000 Bitcoin

Tether's CEO announced the company now holds about 150,000 Bitcoin, underscoring the growing link between stablecoins and volatile assets. This significant Bitcoin reserve could influence market dynamics, as Tether's holdings add to its backing. The move highlights how stablecoin issuers are diversifying reserves with cryptocurrency, potentially impacting liquidity and investor sentiment in the crypto market.