How much Bitcoin does Tether own?

Tether itself doesn’t make money , on the contrary it loses money. (buying or selling crypto at a loss, paying banks the interest rate) It was created by Bitfinex with intent of manipulatively increasing trading volume and profits made by the fees.

Many will pay anywhere from 6% to 12% in interest just for storing Tether on their platform . Tether will typically earn more interest than other popular stablecoins like GUSD, USDC and DAI because of its high demand in trading and cryptocurrency loans.

In early 2018 Tether accounted for about 10% of the trading volume of bitcoin, but during the summer of 2018 it accounted for up to 80% of bitcoin volume .

USDT can be bought on most crypto exchanges. You need to choose an exchange that operates within your jurisdiction and trades Ether . Then you need to set up an account on the exchange platform. Make sure you do your homework and choose a reliable exchange platform.