Tether's bitcoin stash reaches 150,000 coins, CEO says

Tether holds 150,000 bitcoin, according to CEO Paolo Ardoino, a position worth about $11.5 billion at current prices. Ardoino did not specify where the additional coins are held. Holdings kept outside the reserves backing the USDT stablecoin, including the company's investments, would not show up in its attestation report. That distinction matters for anyone trying to gauge how much bitcoin exposure sits behind the stablecoin issuer versus alongside it.

How much weight do you give to reserve reports when judging a stablecoin issuer?

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