Tether, the world's largest stablecoin issuer, has donated $250,000 to OpenSats, a 501(c)(3) public charity dedicated to funding projects that support Bitcoin and open, censorship-resistant technologies. This contribution is aimed at bolstering OpenSats' grant program, which provides financial support to developers and initiatives advancing the Bitcoin ecosystem. The funds will be distributed directly to grantees to ensure transparency, while OpenSats sustains its operations through other donations.
Paolo Ardoino, CEO of Tether, emphasized the company's commitment, stating, "OpenSats is on the front line supporting the continued growth of this ecosystem by funding the next generation of innovators, and we are proud to support their work." He added, "We at Tether believe that Bitcoin, and the free, open-source software that powers it, are indispensable to a freer and decentralized future." Matt Odell, cofounder of OpenSats, noted that Tether's support will help scale the charity's global mission, which has already funded over 300 contributors on vital projects.
This donation aligns with Tether's broader strategy of supporting Bitcoin. In Q1 2025, Tether acquired 8,888 Bitcoin, valued at approximately $735 million at the time, bringing its total holdings to around 92,647 BTC and making it the sixth-largest Bitcoin holder globally. The company has a long-term plan to allocate 15% of its net realized operating profits each quarter to Bitcoin acquisitions. Previously, Tether allocated 10,500 Bitcoin to support SoftBank's investment in Bitcoin-focused Twenty One Capital, highlighting its ongoing institutional backing for cryptocurrency public goods.
The move reflects a growing trend of crypto entities funding open-source development, which enhances privacy, resilience, and innovation in the Bitcoin space. By strengthening financial support for developers worldwide, this initiative is expected to foster sustained growth and adoption in the cryptocurrency ecosystem.
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