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The Daily Hodl 2024-01-31 23:01:09

Tether Sees Record-Breaking Profits, Largely Driven by Interest Payments From US Treasuries

Stablecoin issuer Tether’s latest attestation report reveals that the firm made record profits in Q4, mostly driven by interest payments from US treasuries. According to the report, Tether made $2.5 billion in profits during the fourth quarter of 2023, the highest net profit the firm has ever seen. “In terms of financial performance, the fourth The post Tether Sees Record-Breaking Profits, Largely Driven by Interest Payments From US Treasuries appeared first on The Daily Hodl .

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