On October 18, Decrypt reported that stablecoin giant Tether announced this week a donation of $250,000 to the Bitcoin developer support organization OpenSats. However, this move was immediately publicly questioned by Twitter co-founder and Block (formerly Square) CEO Jack Dorsey.
After Tether CEO Paolo Ardoino announced the donation on X, Dorsey responded briefly: “Why only $250,000?”
Tether, which made $13 billion in profit last year, is seeking funding at a $500 billion valuation. In contrast, Dorsey revealed he has donated over $21 million to OpenSats through his Start Small Fund and has long supported decentralized and open-source Bitcoin development.
