Tether, the Leading Stablecoin, Boosts Reserves with Bitcoin Purchases, Riding on Bitcoin’s Price Appreciation, Resilience, and Growing Adoption — Tether, the company behind the largest stablecoin, Tether (USDT), is following MicroStrategy’s footsteps in terms of managing its reserves, as it plans to boost its reserves by buying Bitcoin to move away from US government debt. 15% of profits In an announcement on May 17, Tether revealed that it plans to invest a…