Tether CTO: Tether's Q1 profit is approximately $700 million, and the excess reserves will reach $1.66 billion
ChainCatcher news, according to CNBC, Tether's Chief Technology Officer Paolo Ardoino stated that Tether will achieve a profit of $700 million in the first quarter of 2023, bringing its excess reserves (the portion of reserve funds exceeding the amount of USDT issued) to $1.66 billion. Paolo Ardoino noted that this is the first time USDT's excess reserves have surpassed $1 billion. (source link)
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
