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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
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Tether announces focus on non-US markets, with Singapore-China becoming a major area for stablecoin liquidity.
Gate News bot message, according to Bloomberg reports, Tether CEO Paolo Ardoino announced that the company will focus on expanding into non-U.S. markets. The company plans to prioritize serving emerging markets such as Latin America, Asia, and Africa to meet the demand for stable financial infrastructure in these regions.
Ardoino mentioned that Tether is considering entering the U.S. market by issuing a new stablecoin in the context of advancing the stablecoin bill (Genius Act) in the U.S. Senate.
The latest report from Artemis shows that the Singapore-China corridor has become the most active area for stablecoin flows, accounting for 36.3%, while the US region accounts for 18.7%.
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