Tether could need to dump part of its $8 billion Bitcoin holdings – What’s next for BTC and USDT?
Tether, the issuer of the leading stablecoin USDT and one of the largest Bitcoin (BTC) holders, could now be forced to dump part of its BTC reserves, according to JPMorgan analysts. This raises questions on potential market impacts for both Bitcoin and USDT in 2025. As The Block reported this morning, JPMorgan analysts are looking to Tether’s reserves and the recently introduced U.S. bills, regulating stablecoins in the country. According to estimations, only 66% and 83% of the issuer’s reserves comply to each proposed bill at its current state. Percentage of Tether’s reserves compliant with the STABLE and GENIUS Acts. Source: J.P. Morgan / The Block Currently, Tether holds around $8 billion worth of 83,758 BTC in its reserves. This represents approximately 5% of all the $142 billion circulating USDT, which the company claims is 1:1 reserves-backed. Picks for you ...