W

Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B

Finance
Share
Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B

The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.

Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B

Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B


Source:Cointelegraph

Disclaimer:Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

The selloff in tech stocks is shifting into overdrive

Technology stocks had been priced for perfection. They are now getting hammered. Source:MarketWatch

Experts divided over Binance hack asset freezes, warn recovery is another matter

Tether, Circle and others moved within hours to block billions in stolen crypto, but legal experts question whether smaller victims would get the same…

The Fed held interest rates steady, but these officials see more hikes coming soon

Dallas Fed’s Lorie Logan sees “at least” 50 basis points in additional hikes. Source:MarketWatch

SEC Issues Exemptive Relief from Treasury Clearing Requirements for Certain Inter-Affiliate and Non-U.S. Repo Transactions

The Securities and Exchange Commission took another step forward today to assist brokerdealers and other market participants on the path to central clearing of…

Source:https://cointelegraph.com/news/tethers-excess-reserves-nearly-double-to-8b-as-q3-profit-hits-15b