Tether CEO Reveals Holding 150,000 Bitcoins, Over 730 Million Users

Tether CEO Paolo Ardoino revealed during a speech at the Lugano Plan ₿ Forum that Tether holds approximately 150,000 Bitcoins, with over 730 million users globally and about 30 million new wallets added each quarter. According to Tether's third-quarter reserve attestation report, it directly holds about $122.8 billion in U.S. Treasury bonds, which amounts to approximately $132.4 billion when including repurchase agreements, with excess reserves reaching $7.95 billion. Ardoino introduced Tether's Independence Stack strategy, which aims to build an infrastructure system encompassing energy, Bitcoin mining, peer-to-peer communication, self-custody wallets, and local AI through open-source technology, stating that even if Tether ceases to exist in the future, its open-source technology should continue to operate.

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