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Tether Claims $1.6 Billion In Excess Reserves To Back Its Stablecoin
By Savannah Fortis at 2025-05-23 21:37
Sentiment: Positive
The number one stablecoin by market cap has announced it will reach $1.6 billion in excess reserves of Tether (USDT). The firm estimates this figure for the March quarter. Tether Chief Technology officer Paolo Ardoino disclosed that it expects an estimated $700 million in profit within the said period pushing the reserves higher. Ardoino further […] Continue reading...
Categories: Tether (USDT)
Tags: #Tether (USDT) #crypto #Ryan Browne #Tether #USDC #USDT
Source Bitcoinist