Just saw this from Tether’s official account: the Q3 attestation report is out—the third-quarter net operating profit was about $1.5 billion, unchanged from Q2; the total for the first nine months was about $4.5 billion. The report was issued by BDO.
Key figures: excess reserves nearly doubled from about $4.1 billion at the end of Q2 to about $7.95 billion; total reserve assets were about $191.5 billion, against liabilities of about $183.5 billion; direct and indirect holdings of U.S. Treasuries totaled about $132.4 billion. USDT in circulation stayed roughly steady at around $184 billion throughout the first three quarters, with profits still mainly coming from interest on U.S. Treasuries and reverse repos.
There’s been plenty of buzz around stablecoins lately, and Tether has added another layer to its safety cushion.
#USDT #稳定币 $USDT
Key figures: excess reserves nearly doubled from about $4.1 billion at the end of Q2 to about $7.95 billion; total reserve assets were about $191.5 billion, against liabilities of about $183.5 billion; direct and indirect holdings of U.S. Treasuries totaled about $132.4 billion. USDT in circulation stayed roughly steady at around $184 billion throughout the first three quarters, with profits still mainly coming from interest on U.S. Treasuries and reverse repos.
There’s been plenty of buzz around stablecoins lately, and Tether has added another layer to its safety cushion.
#USDT #稳定币 $USDT
