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Coin Edition
2023-03-24 15:15:00

Tether’s Excess Reserves and Projected Profits Offer Reassurance

Tether’s Excess Reserves and Projected Profits Offer Reassurance

Tether, the cryptocurrency firm that issues the popular USDT stablecoin, has announced it has around $1.6 billion in excess reserves to back the digital currency. The company’s technology chief, Paolo Ardoino, revealed the latest figures to CNBC, indicating that Tether is on track to make a profit of $700 million in the first quarter of The post Tether’s Excess Reserves and Projected Profits Offer Reassurance appeared first on Coin Edition .

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