🚀 Tether, the powerhouse behind the largest stablecoin USDT, reported a record-breaking $13 billion profit last year! Here's the scoop:
- $7 billion came from U.S. Treasuries and repo holdings.
- $5 billion from unrealized gains in gold and bitcoin.
- $1 billion from other investments.
Tether's reserves are strong, with $143.7 billion in assets against $136.6 billion in liabilities, leaving $7 billion in excess reserves. They've also boosted their bitcoin stash to nearly 84,000 BTC!
USDT remains crucial for digital trading, but faces challenges in the EU due to MiCA regulations. Tether plans to relocate to El Salvador, a crypto-friendly nation. 💡 What are your thoughts on Tether's future moves? Share below!