In spite of a declining market share, Tether has announced an impressive profit of $4.52 billion in the first quarter.🚀😲
Tether (USDT), the stablecoin issuer, recorded an impressive net profit of $4.52 billion in the initial quarter, even though experiencing a notable decline in market dominance. As per the audit report disclosed to CryptoSlate, the company's substantial earnings primarily stemmed from its holdings in the US Treasury, along with profits from its investments in Bitcoin and gold..
