According to @CNBC, Warren Buffett is avoiding share repurchases even as Berkshire Hathaway lags the broader market, highlighting a cautious stance on valuation-driven buybacks. Source: CNBC. Buffett has reiterated that Berkshire will only repurchase shares when they trade below intrinsic value and when liquidity remains ample, shaping the timing and scale of any buybacks. Source: Berkshire Hathaway 2023 Annual Report Letter to Shareholders. Reduced repurchase activity removes a mechanical source of demand that can support per-share metrics and absorb supply, a dynamic tracked by the S&P 500 Buyback Index methodology monitored by traders. Source: S&P Dow Jones Indices, S&P 500 Buyback Index Methodology. Berkshire has maintained significant cash and U.S. Treasury bill balances in recent filings, signaling a preference for liquidity over buybacks when valuations are not compelling. Source: Berkshire Hathaway Form 10-Q, recent quarters. For crypto-focused traders, shifts in equity buyback activity and liquidity preference can feed into broader risk sentiment, with cross-asset correlations between equities and crypto rising during stress episodes. Source: IMF Global Financial Stability Report 2022.

According to the source, Tether reported approximately $10 billion in profit so far in 2025 in its latest financial update. Source: Tether financial update, 2025. The issuer’s earnings are primarily driven by interest income from U.S. Treasury bills and other cash-equivalent reserves that back USDT. Source: Tether Q1 2024 Attestation by BDO; Tether Transparency report. Tether has disclosed building excess reserves and holding portions of reserves in U.S. Treasuries, gold, and BTC, which can strengthen redemption capacity and peg stability during stress. Source: Tether Quarterly Reports 2023–2024; Tether Reserves Composition disclosures. For traders, stronger profitability and larger buffers typically translate into deeper USDT-quoted liquidity on spot and derivatives markets for BTC and ETH, and lower perceived counterparty risk. Source: Kaiko Research 2024 on USDT share of centralized exchange volume; BIS analysis on stablecoin backing and market functioning. Key watchpoints are USDT circulating supply changes, exchange netflows, and stablecoin funding rates, as shifts in these metrics often precede moves in crypto liquidity and basis. Source: Glassnode and CryptoQuant market analytics primers; Kaiko market microstructure reports. Interest-rate direction and U.S. Treasury bill yields will influence Tether’s interest income trajectory, which in turn may affect how aggressively it can grow excess reserves. Source: U.S. Treasury yield data; Federal Reserve policy documentation.

According to the source, Paolo Ardoino said USDT’s technology and strategy are being used as a template for other dollar stablecoins, highlighting its role in market structure and liquidity; source: the source. USDT is the largest stablecoin by market cap with roughly a 70% share in 2024, concentrating liquidity for BTC and ETH pairs and helping tighten spreads on major centralized exchanges, which directly improves execution quality for traders; source: CCData Stablecoins Report Sep 2024 and Kaiko Market Structure 2024. More than half of USDT’s supply circulates on Tron, enabling low-fee, high-throughput transfers that dominate exchange and OTC flows in several emerging markets, reinforcing depth across USDT-quoted order books; source: Tether transparency chain breakdown Sep 2024 and Chainalysis Geography of Cryptocurrency 2024. The majority of USDT reserves are held in short-dated U.S. Treasury bills within cash and cash equivalents, aligning reserve risk profiles with other leading dollar tokens and supporting redemption confidence during market stress; source: Tether Q2 2024 BDO assurance and issuer disclosures. On centralized exchanges, most spot and perpetual volumes are quoted in USDT, making USDT depth a primary driver of slippage and fill rates across BTC and altcoins, which traders should factor into venue and pair selection; source: Kaiko Stablecoin and Liquidity reports 2024 and CCData Exchange Review 2024. In the EU, MiCA’s 2024 rules increased scrutiny on stablecoin issuance and usage, pushing exchanges and issuers toward high-transparency, T-bill-backed models that influence pair listings, caps, and funding dynamics across USDT markets; source: European Banking Authority MiCA guidelines 2024 and European Commission publications. Traders should monitor USDT-USD and USDT-USDC spreads and peg stability on liquid venues since deviations can ripple into BTC and ETH funding rates and basis trades, affecting carry and hedging strategies; source: Kaiko stablecoin depeg tracker 2023–2024 and exchange market data.

According to Crypto Rover, Fidelity is set to launch a digital dollar that will be backed by U.S. Treasury Bills. This move could potentially increase liquidity and offer a stable asset for trading in the cryptocurrency market. The backing by U.S. Treasury Bills may attract institutional investors seeking lower-risk digital assets. Source: Crypto Rover.

According to Aggr News, Fidelity is set to launch a tokenized fund investing in U.S. Treasury Bills, directly competing with BlackRock's BUIDL offering. This move is significant for traders as it marks Fidelity's entry into the tokenized assets market, potentially providing more liquidity and accessibility to investors seeking exposure to Treasury Bills through digital assets.