Tether Reports $1.48Bn In Q1 Profit, Reveals Bitcoin and Gold Holdings

“Tether Holdings Limited published its assurance opinion for Q1 of 2023 completed by BDO Italia, a top five-ranked global independent public accounting firm.” The attestation reveals an increase in Tether’s excess of reserves reaching an all-time high of $2.44B, up $1.48B for the first quarter of 2023.”Tether closed the first quarter 2023 with $81.8B in consolidated total assets.””Tether’s reserves remain extremely liquid, with the majority of its investments being held in cash, cash equivalents, and other short-term deposits (approximately 85%),” the company said.

If Tether was a central bank, it would be the 25th largest central bank holder of US Treasuries. https://t.co/IUX9ofXAzS

— Saifedean Ammous (@saifedean) May 10, 2023

Tether Announcement / Archive
Reserves Report / Archive

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