Featured Story | Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash

The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter.

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Today's episode is sponsored by Kraken Pro.

Today’s featured story is an opinion piece from “Markets Daily” host George Kaloudis, titled: “Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash.”

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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. This episode used Wondercraft Voice AI.

HOSTS

George Kaloudis

George Kaloudis was a senior research analyst and columnist for CoinDesk. He focused on producing insights about Bitcoin. Previously, George spent five years in investment banking with Truist Securities in asset-based lending, mergers and acquisitions and healthcare technology coverage. George studied mathematics at Davidson College.