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Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin

Por: CNBC Tech March 24, 2023

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In this articlewatch nowVIDEO1:2001:20Tether CTO says company is on track to make $700 million profit in first quarterCryptocurrency firm Tether estimates it will make $700 million profit in the March quarter, taking its total excess reserves to over $1 billion, the company's technology chief told CNBC, revealing the latest figures for the first time.Tether issues the stablecoin, which is pegged one to one with the U.S. dollar. USDT is... + full article



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