Tether Records a Profit of $6.2 Billion in 2023 !
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It appears that Tether (USDT) maintains a dominant position in the stablecoin market, with a reported 90% of its circulating supply backed by assets equivalent to cash. The CEO, Paolo Ardoino, emphasizes transparency, stability, and responsible financial management, citing a strong cash-backed debt ratio and a net profit of $6.2 billion for the past year. Tether's investments in sustainable energy, Bitcoin mining, AI infrastructure, and P2P technology reflect its commitment to a robust financial industry. It's worth noting Tether's prominent ranking on Coinmarketcap as of January 2, 2024. This information is provided for reference and does not constitute investment advice.
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