Latest Crypto News: Tether hits $7.7 billion in profit YTD as reserves reach record high

Link: https://cryptoslate.com/tether-hits-7-7-billion-in-profit-ytd-as-reserves-reach-record-high/

Summary:

Tether Limited reported $2.5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7.7 billion. The firm’s strong third-quarter numbers were primarily boosted by its gold holdings, which amount to roughly $5 billion, recording $1.1 billion in unrealized profit. According to Tether’s latest assurance opinion, conducted by accounting firm […]

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