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Tether?s excess reserves rose to $3.3B in Q2: report
    Posted on 08/01/2023
Tether’s excess reserves for the USDT stablecoin hit $3.3 billion in Q2. An attestation report for the quarter by BDO showed operational profits of over $1 billion. Tether’s consolidated liabilities was roughly $83.17 billion, while exposure to US Treasuries totaled $72.5 billion. Tether Holdings Limited, the company behind the USDT stablecoin, saw its reserve assets […]
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