Tether profits reach $1 billion after Bitcoin rises
Tether, the company behind the world's largest stablecoin (USDT), has seen a significant increase in the value of its BTC-Bitcoin reserves, with profits exceeding $1 billion. According to data from cryptocurrency analyst EmberCN, Tether currently holds 57,576 BTC (worth the equivalent of... $2.4 billion) with an average cost per coin of $22,480. This indicates that Bitcoin's reserve has increased in value by 85% or $1.1 billion. since then. Purchased.
