Tether Q4 Net Profit Reaches $2.85 Billion, Excess Reserves Hit $5.4 Billion
According to Coincu, Tether has released its 042023 financial report, revealing a net profit of $2.85 billion. Approximately $1
billion of this profit came from net operating profits, primarily from interest earned on U.S. Treasuries, while the remainder was attributed to the appreciation of Gold and Bitcoin reserves. The company's excess reserves reached a peak of $5.4 billion,
marking a significant $2.2 billion increase.