Bitcoin24h $102,603.74-4.83%

Ethereum24h $3,268.90-2.52%

XRP24h $3.09-4.65%

Solana24h $238.10-9.27%

BNB24h $682.44-1.89%

Dogecoin24h $0.3426-8.96%

Cardano24h $0.9658-9.74%

TRON24h $0.2382-0.70%

Chainlink24h $24.55-4.15%

Avalanche24h $35.47-7.13%

Exclusive: Tether whale Heka thinks MicroStrategy is expensive

Heka Funds is one of the largest USDT arbitrage funds. We asked its manager to comment on Tether as well as MicroStrategy and BTC.

Tether’s dreams come true with Donald Trump victory

Although bitcoin stole the show amid Donald Trump’s election, the unchanged price of USDT hid its own, equally significant victory.

A timeline of Tether’s run-ins with US courts and law enforcement traces back over a decade, but its market cap has steadily grown.

Tether has launched Alloy a new over-collateralized stablecoin tethered to the US dollar and backed by Tether Gold.

Several versions of Tether tied to assets like the Euro, Offshore Yuan, and the Mexican Peso, look to have been completely sidelined.