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Tether Adds $1B in Bitcoin as USDT Stablecoin Supply Nears $175B

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Latest price and news from the crypto space Latest price from our hand picked list of digital assets Tether has added $1 billion worth of bitcoin to its reserves, boosting its total BTC holdings to $9.7 billion, according to Arkham Intelligence. The purchase of 8,889 BTC came from a wallet linked to Bitfinex, a crypto exchange closely tied to Tether. A Chinese woman has been convicted in a UK court for running a bitcoin-based fraud that stole billions from victims in China. Bridge, a crypto unit owned by Stripe, is applying for a U.S. national trust charter and a New York State trust license, aiming to comply with new federal rules for stablecoin issuers. Top stories in the Crypto Roundup today: Tether Adds $1B in Bitcoin as USDT Stablecoin Supply Nears $175B Chinese Woman Convicted in UK for $6.9B Bitcoin Fraud Stripe’s Bridge Seeks U.S. Banking Charter as Stablecoin Rules Take Shape 24 hours chart of the price of BTC Tether Adds $1B in Bitcoin as USDT Stablecoin Supply Nears $175B Tether has added $1 billion worth of bitcoin to its reserves, boosting its total BTC holdings to $9.7 billion, according to Arkham Intelligence. The purchase of 8,889 BTC came from a wallet linked to Bitfinex, a crypto exchange closely tied to Tether. The move follows a pattern of end-of-quarter bitcoin buys by Tether, which has also invested in gold and backed bitcoin treasury firm Twenty One Capital. The firm reported $8.9 billion in BTC holdings in June. At the same time, the supply of Tether’s USDT stablecoin has grown to $174