TD₿: Stablecoin Giant Tether To Allocate Up to 15% of Profits Towards Bitcoin (a news release)
TL;DR: Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin.
Hey Bitcoiners,
Pretty big news today from Tether, which operates the world’s biggest US dollar stablecoin with a market cap of almost $83 billion USD. They announced that they’ll be using up to 15% of the profits they generate to accumulating and self-custodying Bitcoin — not crypto, not NFTs, not DeFi — just Bitcoin.
Tether’s profits are generated from the interest they earn on treasuries they convert their USD deposits into, as well as gains on other assets that they hold.
Read the full release for more details. There will be a lot of analysis coming off this announcement. Tether also claims to hold about $1.5 billlion of BTC already.
Between Tether and MicroStrategy’s regular buys, publicly declared demand for Bitcoin as a balance sheet asset continues to rise.
Enjoy!
Tick tock next block,
Cory Klippsten
Sign up for Swan and receive $10 in free bitcoin today.
Quote of the Day
“The number will go up until the old world is replaced with the new.” — Balaji S. Srinivasan
Job of the Day
Product Manager — JAN3
Latin America Remote only
Contract / Freelance
Summary
We are seeking a Product Manager who will oversee our product development process from ideation to launch. The Product Manager will be responsible for collaborating with internal and potentially external stakeholders to gather and prioritize product and customer requirements, define the product vision and work closely with the engineering and marketing teams for successful product delivery. The Product Manager must be able to handle multiple work streams at the same time and is ultimately responsible for the delivery of quality products. You will have the flexibility to manage your work activities independently in a remote setting.
Responsibilities
Working with the executive team to define the product vision and create a plan for product development
Manage the backlog, sprint planning, and sprint reviews
Management of the development team, which includes designers, developers, and testers
Test the applications and report issues or bugs
Collect and compile user feedback to report to management
Oversee submissions to apps stores and respond to user feedback
Demonstrate excellent customer service skills and communication skills
Communicate and report on work status each week
Requirements
3+ years of experience in product management
Bachelor’s degree in Business or a related field
Outstanding written and verbal communication skills
Excellent problem-solving and analytical skills
In-depth understanding of Bitcoin and Layer 2 technologies such as Liquid and Lightning
Experience in using project management tools for tracking tasks and progress
Excellent communication and presentation skills to collaborate with other team members
Strong independency to manage own work activities
Located in Latin America
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
Event of the Day
The Canadian Bitcoin Conference
June 17 @ 8:30 am - June 18 @ 6:30 pm
From Bitcoiners. For Bitcoiners.
The Canadian Bitcoin Conference brings together Bitcoiners and Bitcoin newcomers from across Canada–and beyond–to educate and inspire!
Join us at our inaugural Bitcoin-only conference as we celebrate the ideas, concepts, principles and technologies that make up the Bitcoin community. The focus will be on the Canadian marketplace, including real estate, gold and silver, and the impact all of this will have on the future–for everyone.
During the sessions, you’ll hear from industry leaders, then have the chance to network with other like-minded Bitcoiners. With speakers including Greg Foss, Francis Pouliot and Lawrence Lepard, this is THE Bitcoin conference that you don’t want to miss.
And if one Bitcoin Conference isn’t enough…
We’ve partnered with our friends at Bitcoin Rodeo to offer you a discounted ticket bundle!
Why attend?
To hear worldclass Bitcoin speakers discuss the topics most important to Canadian Bitcoiners
Learn about topics you won’t hear anywhere else: Bitcoin in real estate, the gold and silver market, and the impact all of this will have on the future–for everyone
Interactive workshops–you choose what topics you want to see!
Networking opportunities with like-minded Bitcoiners
Additional topics to be covered during the conference:
Macro Economics (Gold vs bitcoin vs decline of the USD)
Financial Service and Mining Regulation in Canada
Real estate in Toronto (Is real estate a shitcoin?)
Advantages of mining in stabilizing the energy grid.
Sending the message (Discussion of content creators)
Space for upcoming Bitcoin companies in Canada
Bitcoin for businesses
Technological advancements in Bitcoin.
Open forum ( Questions from the audience)
Retirement planning with Bitcoin
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
Excellent news