Serena Long

Freelancer at I work for myself

Tether Reports Record Net Profit of $2.9 Billion in Q4 2023 📈 Tether, a leading stablecoin issuer, has achieved remarkable financial milestones in its Q4 2023 attestation report, disclosing a record net profit of $2.9 billion. Tether has achieved a remarkable net profit of $6.2 billion for the entire year. Additionally, the company has expanded its cryptocurrency holdings by acquiring an additional 8,888 bitcoins in Q4, totaling approximately 66,465 BTC, currently valued at around $2.8 billion As of December 31, Tether’s consolidated reserves have exceeded $97 billion, including $80.3 billion in U.S. Treasuries and $3.5 billion in gold. The consolidated liabilities related to digital...