Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Tether Makes Moves on Three Fronts: Accumulating BTC, Launching a Wallet, Supporting the Ecosystem
Tether, the world's largest stablecoin issuer, has taken three critical steps in the last 48 hours:
1. Bitcoin reserves are growing
- Purchase of 951 BTC (approximately $70.5M) on April 15th, bringing the total reserve to 97,141 BTC (approximately $7.1 billion)
- 15% of quarterly profits have gone to BTC since 2023, no sales
- The wallet is the 5th largest address on-chain
2. Tether Wallet is live
- Self-custodial application, supports USDT, Bitcoin, and XAUT
- Transfers by username instead of long addresses
- Transaction fees can be paid with the transferred asset, no separate gas token required
- Goal: To move the 570 million user base directly to the wallet
3. Drift Protocol support - Drift announced a recovery plan after the $285 million exploit on April 1st.
- Social media speculation suggests Tether will provide $127.5 million in support, but there is no official confirmation yet.
Market implications: Tether is transforming from a company that only issues stablecoins into a full-stack financial infrastructure player. It hedges its balance sheet by accumulating BTC, takes control of distribution through wallets, and solidifies its role as a liquidity provider in DeFi.
In the short term, these moves could increase USDT dominance, while in the long term, they could position Tether as the "background bank" of decentralized finance.
⚠️Don't Forget to mark Stoploss and manage risk properly.
👉NFA
👉DYOR
Tether, the world's largest stablecoin issuer, has taken three critical steps in the last 48 hours:
1. Bitcoin reserves are growing
- Purchase of 951 BTC (approximately $70.5M) on April 15th, bringing the total reserve to 97,141 BTC (approximately $7.1 billion)
- 15% of quarterly profits have gone to BTC since 2023, no sales
- The wallet is the 5th largest address on-chain
2. Tether Wallet is live
- Self-custodial application, supports USDT, Bitcoin, and XAUT
- Transfers by username instead of long addresses
- Transaction fees can be paid with the transferred asset, no separate gas token required
- Goal: To move the 570 million user base directly to the wallet
3. Drift Protocol support - Drift announced a recovery plan after the $285 million exploit on April 1st.
- Social media speculation suggests Tether will provide $127.5 million in support, but there is no official confirmation yet.
Market implications: Tether is transforming from a company that only issues stablecoins into a full-stack financial infrastructure player. It hedges its balance sheet by accumulating BTC, takes control of distribution through wallets, and solidifies its role as a liquidity provider in DeFi.
In the short term, these moves could increase USDT dominance, while in the long term, they could position Tether as the "background bank" of decentralized finance.
⚠️Don't Forget to mark Stoploss and manage risk properly.
👉NFA
👉DYOR