Bitcoin24h $78,028.88-0.17%

Ethereum24h $2,184.72+0.44%

BNB24h $652.18-0.53%

XRP24h $1.41-0.15%

Solana24h $86.48-0.01%

TRON24h $0.3570+1.15%

Dogecoin24h $0.1104+0.54%

Hyperliquid24h $43.83+6.99%

UNUS SED LEO24h $10.11+1.90%

Cardano24h $0.2551-0.31%

Circle vs. Tether: What’s in the reserves?

Circle and Tether, the two largest stablecoins, have adopted different tactics when it comes to the management of their reserves.

Tether thinks Jack Mallers will keep focus on Twenty One’s BTC, not USDT

Jack Mallers will serve as the dual CEO of Strike and Twenty One. His new venture already has a post-merger valuation above $9B.

Tether-backed Twenty One’s plan to acquire over 42,000 BTC sounds not unlike Michael Saylor’s leveraged BTC acquisition strategy.

Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.

Tether has been minting USDT and buying bitcoin. MicroStrategy, Trump and others have bought more but why does the price keep crashing?