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Tether indicated an investment of 15% of their net profit into Bitcoin (BTC) as a means of diversifying the reserves that back the USDT stablecoin. The USDT stablecoin has the primary goal of remaining pegged to the U.S. dollar.
However, despite this huge announcement and movement in the Bitcoin (BTC) cryptocurrency, which amounts to around $222 million, the value of Bitcoin (BTC) has largely stalled.
Tradecurve (TCRV) however, reached the number one spot on a global scale as the go-to platform for Decentralized Finance (DeFi), and today, we will explore why this has been the case.
>>Register For The Tradecurve Presale<<
Tether Buys Bitcoin (BTC) But Its Value Stagnates
Tether is the issuer behind the $82 billion stablecoin known as USDT. They reported $1.48 billion of net profits in the first quarter of 2023 and revealed that they have $1.5 billion in Bitcoin (BTC) holdings alone.
The company also noted that they would allocate 15% of the realized profits from the investments to purchase even more Bitcoin (BTC) to add them to their reserve surplus. The company will also have custody of the Bitcoin (BTC) stash on its own, without the involvement of any third-party custodians. The investment amounted to around $222 million.
Bitcoin (BTC) traded at a value of $26,880.08 as of May 22, 2023. In the last week, the lowest value point for the Bitcoin (BTC) cryptocurrency was $26,543.07, while its highest point was $27,027.27. In the last week, Bitcoin (BTC) decreased by 2%; in the last year, it has been down just 10.1%. This means that its value has stagnated.
Tradecurve (TCRV) To Become The Number One Trading Platform Across All DeFi
Tradecurve is a leader in DeFi, and the TCRV utility token utilized across its platform has seen increased growth and momentum. This hybrid platform combines the best elements found in both CEXs and DEXs, to challenge them and provide investors with a new and truly borderless way of interacting with the broader blockchain industry.
People must complete mandatory KYC requirements on Binance, Kraken, Coinbase, and other platforms. As a result of this, they lose a lot of privacy. Moreover, these platforms also have high fees, which eat up any capital gains made from trades or investments.
Tradecurve changes this by enabling any user to connect to the platform by creating an account and using their cryptocurrencies as collateral without needing to complete a KYC procedure. Additionally, it will feature the lowest fees in the industry.
There are also advanced features for traders, such as high leverage, starting at 500:1, and the implementation of advanced AI algorithmic trading bots. The TCRV token has already increased in value by 20% in The last week. At stage 2 of its presale, it trades at $0.012. At the next stage, it will increase by 25% to $0.015. Analysts also predict that the value of the cryptocurrency can climb by 50x during the presale and by 100x at launch.
Learn more about the TCRV presale tokens:
Click Here To Buy TCRV Presale Tokens
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