Tether posts $1.3B Q2 net operating profit; excess reserves $5.2B
Tether reported $1.3 billion in Q2 net operating profit in its latest BDO attestation. Excess reserves rose to $5.2 billion above full USDT backing.
Tether reported $1.3 billion in Q2 net operating profit in its latest BDO attestation statement, while excess reserves rose to $5.2 billion above full USDT backing.The figures keep Tether at the center of the stablecoin market’s profitability and reserve debate.
USDT remains the largest dollar stab…