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Every time USDT increases, the crypto world will definitely experience a big pump. The last time USDT increased, Bitcoin surged to 73,000. Tether's treasury has minted USDT worth $1 billion in the past 24 hours, bringing the annual total to $31 billion. Tether itself may directly contribute to the rise of Bitcoin. The company has stated that it will invest 15% of its net profit in Bitcoin to achieve diversification of stablecoin-backed assets.
Tether acquired 8,888 Bitcoins on March 31st, worth $618 million, making it the seventh largest Bitcoin holder in the world. After announcing its plan to enter the Bitcoin market a year ago, Tether's wallet currently holds over 78,317 Bitcoins, worth over $5.18 billion.