Tether Reports Billion-Dollar Q1 Profit Amid Crypto Slump—And Says Audit Has Begun
Stablecoin giant Tether says it holds over $141 billion in U.S. Treasuries, a figure that has never been verified by a full audit.
Tether's reported profit and the initiation of an audit may boost investor confidence in stablecoins, potentially leading to increased demand. However, the ongoing crypto slump could temper immediate price movements.
Stablecoin giant Tether says it holds over $141 billion in U.S. Treasuries, a figure that has never been verified by a full audit.
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