Tether, $700 million profit for the year ended March 31 | About $1.6 billion in USDT excess reserves.

Tether expects to make $700 million in profit in the year to March 31, bringing its USDT excess reserves to more than $1.6 billion. USDT, a stable coin pegged 1:1 to the U.S. dollar, has seen a sharp increase in its market value this month. #BNB #Arbitrum #dyor