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Tether, the issuer of the popular stablecoin USDT has often come under suspicion from the crypto industry in the past. In a recent report, they explain how they have changed their reserves, diversifying with Bitcoin. Tradecurve also looks to challenge and fix problems in the industry and financial markets, by offering a new and decentralized way to trade financial products.
>>BUY TCRV TOKENS NOW<<
Tether Discloses Plan to Regularly Buy Bitcoin
In an ‘Attestation report’, Tether has revealed its intention to regularly purchase Bitcoin using its surplus profits. The report by accounting firm BDO Italia, indicated that Tether earned $1.48 billion in profit during the first quarter of the year.
With its ‘excess of reserves’ doubling to $2.4 billion, Tether plans to accumulate bitcoin to strengthen its financial position. They’re planning to strengthen their reserves portfolio by allocating up to 15% of their net realized operating profits into buying Bitcoin (BTC).
This move aligns Tether with other institutional giants, such as MicroStrategy, that have been actively acquiring BTC. Tether’s conservative investment strategy also includes a significant investment in gold.
By adding bitcoin to their investment strategy, Tether’s hoping to cash in on the digital asset’s potential growth while showing themselves a trusted and reliable financial infrastructure provider.
They no longer rely on ‘commercial paper’, which is a type of short-term, unsecured debt issued by companies. Instead holding a lot of money in safer places, such as U.S. Treasury bills.
Investors See the Potential of Tradecurve for diversification
The secret to a good portfolio is to diversify, and this is what Tether has been doing. Many crypto investors are looking at TCRV, the token behind Tradecurve. This is a decentralized and on-chain trading platform that offers brokerage services, crypto trading and more.
The project is currently in presale, but looks to solve issues like lack of access to financial products such as bonds, options, forex, commodities and crypto, and bring them all into one platform.
By using crypto as collateral, Tradecurve can avoid regulatory issues that insist upon invasive KYC. Do you want your facial image data stored by a random company, potentially subject to security breaches? Tradecurve doesn’t want that for their customers.
Tradecurve allow investors to diversify their portfolio with their token TCRV, which represents the project, and aims to challenge the likes of centralized exchanges and traditional brokerages. What is also exciting is that it then gives the opportunity for people to hold things like gold and bonds, just like what Tether is doing.
Holding TCRV will bring trading discounts to already low fees, staking rewards, and access to AI trading bots.
With many people losing faith in aspects of the financial system, this ability to have a broad portfolio, no matter what country you live in or what your official financial status is, is something novel and promising.
TCRV is in the second stage of presale at $0.012 with less than 20k tokens remaining before it moves to stage 3.
For more information about TCRV presale tokens:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
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