$4.5 billion in 3 months Tether new income record
Tether Holdings disclosed for the first time its net assets of $11.37 billion as of March 31
Tether, the world's largest stablecoin, reported a record-breaking $4.52 billion net profit in the first quarter of 2024. Tether Holdings disclosed for the first time its net assets of $11.37 billion as of March 31.
As the largest dollar issuer and gold stablecoin, Tether has attracted more users than ever by revealing its net assets.
On the part of the crypto community, there were negative speculations regarding the balance of the amount of circulating tokens and dollar reserves.
We hope that Tether and other stablecoin issuers under the supervision of the rules and transparency of the financial system will make digital currency users feel more secure.
Jerard Bartez
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komodo007
The biggest whale in the market is Tether
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