After CEX announced "$1 billion purchase of Bitcoin," the community shifted to calling on leading companies like Tether to support the industry

GateUser-6433627c · 2026-01-30T11:42:31+00:00

CEX announces plans to convert $1 billion in stablecoin reserves to Bitcoin, aiming to complete the process within 30 days, in response to criticism from the crypto community. The crypto industry calls on leading companies like Tether to take action to support industry growth.

GateUser-6433627c

2026-01-30 11:42:31

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On January 30th, today, CEX announced that it will gradually convert its original $1 billion stablecoin reserve into Bitcoin, with plans to complete the process within 30 days. This move may be aimed at easing recent criticism and controversy from the crypto community towards CEX platforms. After the official announcement, the crypto community shifted to calling on leading companies, represented by Tether, to support the industry. Yishi, founder of OneKey, stated that all major cryptocurrency technology companies need to take action. If Bitcoin were to disappear, it would be unbearable for everyone. CEX took the lead, and now it’s Tether’s turn. Crypto KOL and former FTX community partner Benson Sun also expressed similar views. “BTC OG Insider Whale” agent Garrett Jin also called on more key crypto industry companies to step up and support industry development with tangible funds.

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