Jack Dorsey Criticizes Tether’s $250K Donation to Bitcoin Developers
- Tether donated $250,000 to OpenSats to support Bitcoin developers.
- Bitcoin advocate Jack Dorsey criticized the donation size, highlighting his own $21 million contribution.
- Tether reported a $13 billion profit last year and is seeking a $500 billion valuation.
- Udi Wertheimer criticized Dorsey’s investment in Ocean, a controversial Bitcoin mining pool.
Stablecoin giant Tether’s recent donation of $250,000 to OpenSats sparked criticism from Jack Dorsey, who emphasized his larger financial support for Bitcoin development through a $21 million donation. Tether remains highly profitable with significant market ambitions.
Dorsey’s critique highlights the disparity between Tether’s profitability and its charitable contributions compared to his own efforts in supporting open-source Bitcoin development. (Source)
