About 85% of the company’s reserves were held in cash, cash equivalents, and other short-term deposits. USDT’s circulating supply increased by 24% on a year-to-date basis. Leading stablecoin issuer Tether [USDT] reported a net profit […]
The stablecoin giant reported an “excellent quarter” even as it fails to comply by basic accounting standards.
The world’s leading stablecoin issuer Tether claims that its excess of reserves has reached an all-time high. In its first quarterly assurance report released on May 10, Tether reported an increase in excess reserves, reaching […]
Stablecoin issuer Tether (USDT) is reporting nearly $1.5 billion in profits during Q1 alone while also revealing new details from its reserves. According to a new attestation report by the firm, Tether closed the first […]
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