DFace NewsTether reports $1.5B quarterly profit, reserves hit $8B
Tether disclosed a net profit of $1.5 billion for the third quarter, while its excess reserves nearly doubled to $8 billion. The stablecoin issuer's U.S. Treasury holdings now rival those of major foreign holders. As of the end of September, Tether's Bitcoin reserves were valued at $8.37 billion. Why it matters: These figures reflect the growing financial footprint of the largest stablec…
Source: Cointelegraph