Tether Smashes Profit Records: $2.85 Billion Surge in Q4 2023

Stablecoin issuer Tether experienced a “record-breaking” net profit surge, amounting to $2.85 billion in the fourth quarter of 2023. Around $1 billion of this profit stemmed from net operating gains, largely derived from interests in the US Treasury, with the remainder mainly coming from the…#stablecoin #tether #ustreasury #bdoitaly #usdt #ustreasuries #reverserepo #paoloardoino #tethersq4 #bitcoin
Source: Reuters: Health - Category: Consumer Health News Source Type: news