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314 sats \ 0 replies \ @0xbitcoiner 17 Nov 2023 \ on: Tether to invest $500m in Bitcoin mining - growing to 1% of BTC mining network bitcoin
Tether's investment in bitcoin mining seems like a good move, even though I'm not sure what their intentions are. The role of Tether as an issuer of USDT is more controversial. For now, it plays an important role in the cryptocurrency ecosystem, but I hope it will eventually be unnecessary.