Tether estimates the company will make $700M in profit in Q1, taking its excess reserves to back its USDT stablecoin to $1.66B, above $1B for the first time (Arjun Kharpal/CNBC) 24-03-2023

Arjun Kharpal / CNBC:
Tether estimates the company will make $700M in profit in Q1, taking its excess reserves to back its USDT stablecoin to $1.66B, above $1B for the first time — – Cryptocurrency firm Tether estimates it will make $700 million profit in the March quarter, taking its total excess reserves to over $1 billion …