• CryptoQuant used on-chain data to dispel doubts about Tether’s BTC position.
• It says Tether might possess additional Bitcoin wallets beyond the one under scrutiny.
• On-chain data can also potentially lead to the wrong categorization of whale entities.

CryptoQuant, a prominent on-chain data and analytics provider, has taken to Twitter to dispel the doubts surrounding Tether’s position as the eleventh-largest holder of Bitcoin. The company determined to counter the week’s spread of fear, uncertainty, and doubt (FUD) with the power of its on-chain data.

CryptoQuant highlighted that Tether’s quarterly report unveiled a substantial stash of approximately $1.6 billion worth of Bitcoin. This figure propelled the stablecoin issuer to a top position among the crypto asset’s largest holders.

However, a scrutiny of the Tether Bitcoin holding wallet on Twitter raised some alleged discrepa…

The post Tether’s Bitcoin Holdings Proven By On-Chain Data; FUD Debunked appeared first on Coin Edition.

• CryptoQuant used on-chain data to dispel doubts about Tether’s BTC position.
• It says Tether might possess additional Bitcoin wallets beyond the one under scrutiny.
• On-chain data can also potentially lead to the wrong categorization of whale entities.

CryptoQuant, a prominent on-chain data and analytics provider, has taken to Twitter to dispel the doubts surrounding Tether’s position as the eleventh-largest holder of Bitcoin. The company determined to counter the week’s spread of fear, uncertainty, and doubt (FUD) with the power of its on-chain data.

CryptoQuant highlighted that Tether’s quarterly report unveiled a substantial stash of approximately $1.6 billion worth of Bitcoin. This figure propelled the stablecoin issuer to a top position among the crypto asset’s largest holders.

However, a scrutiny of the Tether Bitcoin holding wallet on Twitter raised some alleged discrepa…

The post Tether’s Bitcoin Holdings Proven By On-Chain Data; FUD Debunked appeared first on Coin Edition.