CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
The Daily Hodl 2023-08-02 16:55:20

Tether Excess Reserves Shatter $3,000,000,000 As Stablecoin Issuer Uses Profits To Back USDT

The issuer of the Tether (USDT) stablecoin says its excess reserves have increased by hundreds of millions of dollars in the second quarter of 2023. Tether Holdings says that its total excess reserves increased by approximately 35% to $3.3 billion in the second quarter. “In a continuation of Tether’s public commitment towards openness, it also The post Tether Excess Reserves Shatter $3,000,000,000 As Stablecoin Issuer Uses Profits To Back USDT appeared first on The Daily Hodl .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.