Tether Profits Surge 150% to $5.2 Billion on US Treasury Yields
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币界网报道：Tether reported a record $5.2 billion in profits for 2023, marking a 150% surge driven by high US Treasury yields and increased stablecoin demand. The company's reserves now hold $5.4 billion in excess reserves, with $4.8 billion generated from US Treasury holdings alone. Tether's transparency report shows 90% of its $97 billion reserves are in cash or cash equivalents, primarily US Treasuries. The stablecoin issuer also revealed $640 million in Bitcoin and gold holdings, alongside $5 billion in secured loans. Despite regulatory scrutiny, Tether's market capitalization grew to $112 billion, cementing its dominance in the stablecoin sector.
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