Tether holds about $4.8B in US stock market exposure via Rumble, Twenty One

Tether holds roughly $4.8B in exposure to US public markets, according to Protos, through holdings in firms including Rumble and Twenty One. The report frames this as part of the stablecoin issuer's broader reserve and investment profile. Traders may watch whether these equity positions affect perceptions of USDT reserve quality and transparency.