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Wu said that Tether announced it has appointed an additional independent director to the board of Bitcoin treasury company Twenty One Capital (XXI) to fill the vacancy on the audit committee following recent board changes. The XXI board has determined that this candidate will meet the independence standards of U.S. Securities and Exchange Commission Rule 10A-3 and NYSE Listed Company Manual Section 303A.02. Tether stated that the vacancy arose after Tether acquired SoftBank Group's stake in XXI on May 20, leading to the termination of the relevant governance agreement and the exit of SoftBank Group representatives from the XXI board. It is reported that XXI currently holds over 43,500 BTC.