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Coin Edition 2023-08-01 06:46:24

Tether’s Excess Reserves Top $3 Billion In Second Quarter Of 2023

Tether Holdings, the crypto giant behind the world’s largest stablecoin Tether USD (USDT), has posted an operational profit of more than $1 billion for the second quarter of 2023. The stablecoin firm’s consolidated assets exceeded its consolidated liabilities, increasing its excess reserves by $850 million. Paolo Ardoino, the Chief Technology Officer of Tether took to The post Tether’s Excess Reserves Top $3 Billion In Second Quarter Of 2023 appeared first on Coin Edition .

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