Tether Raising $1B Through SPAC For A Publicly Traded Crypto Reserve

Reeve Collins, a co-founder of Tether, and Chinh Chu, a former Blackstone executive, are raising $1 billion through a Special Purpose Acquisition Company (SPAC) called M3-Brigade Acquisition V Corp to create a publicly traded crypto reserve fund. The fund aims to hold a diversified portfolio of digital assets, including Bitcoin (BTC), Ethereum (ETH), and Solana [...]The post Tether Raising $1B Through SPAC For A Publicly Traded Crypto Reserve appeared first on Tekedia.

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