21 sats \ 0 replies \ @tolot 31 Oct 2023 \ parent \ on: Tether Now Holds 61,606 BTC (Q3 2023 Report) bitcoin
The key is probably not the amount of bitcoin owned by an exchange/stablecoin provider, but is related to the volume of transactions and value that goes through its rails.
And Tether is somehow relevant in that regards, having +50 billion USD redeemable 'credit promises' outstanding.