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Tether records surprise profit as stablecoin giant aims to put reserve controversy behind it

Por: CNBC Tech February 09, 2023

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In this articleTether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars.Justin Tallis Afp Getty ImagesTether on Thursday published its latest quarterly financials, with the world's top stablecoin issuer stating publicly for the first time that it generated a profit. Tether, which is owned by Hong Kong-headquarter Ifinex, said in a new attestation report that it made a $700 million net profit in the December quarter. The... + full article



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