Tether Grabs SoftBank's Bitcoin Stake: P2P Merchants Brace for Stablecoin Dominance Shift
Tether just swallowed SoftBank's 26% stake in Twenty One Capital, beefing up its grip on public Bitcoin holdings. This isn't just about Bitcoin; it's a power play that will ripple through P2P markets.
Tether just snagged SoftBank’s 26% stake in Bitcoin company Twenty One Capital, giving it massive control over public Bitcoin assets.
This move signals Tether is going all-in, expanding its empire beyond stablecoins into lending, mining, and capital markets.
With this acquisition, Tether now has a significant chunk of Twenty One Capital, a public holder of Bitcoin, solidifying its influence.
Expect increased volatility and potential shifts in USDT liquidity on Binance P2P and Bybit P2P as Tether consolidates power and deploys capital.
Tether's aggressive expansion means P2P merchants must stay sharp; spreads will move, and volume will follow the money.